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Channel 10 sitcom The Unicorn is cancelled after two seasons

Channel 10 axes popular TV show after two seasons… after the network’s American parent company faced a crushing financial blow

Channel 10 comedy series The Unicorn has been axed by U.S. parent company CBS after just two seasons.

The American sitcom is about a widowed father and devoted parent to two teenage daughters who returns to the dating scene.

The show, which airs on multichannel 10 Peach, premiered in November 2019.

Axed: Channel 10 comedy series The Unicorn has been axed by U.S. parent company CBS after just two seasons

It stars Walton Goggins, Rob Corddry, Michaela Watkins, Omar Miller, Maya Lynne Robinson, Ruby Jay, Makenzie Moss and Devin Bright.

Walton plays widower Wade who is trying to make the most of his life as a single dad.

He then becomes smitten with Shannon, played by Natalie Zea.

Storyline: The American sitcom is about a widowed father and devoted parent to two teenage daughters who returns to the dating scene

Storyline: The American sitcom is about a widowed father and devoted parent to two teenage daughters who returns to the dating scene

The announcement comes after a crushing financial blow to Channel 10’s U.S. parent company cast a dark cloud over the Australian broadcaster’s future.

ViacomCBS stock fell by a whopping 55 per cent in the space of a week in March, throwing the media conglomerate into turmoil.

And a beleaguered Channel 10 could pay a price for the losses, with ‘devastating cuts’ on the horizon, according to industry website TV Blackbox.

When the U.S. media giant’s share price dipped in 2020, it was followed by a series of savage cuts to Channel 10 that claimed the scalps of beloved network stars Kerri-Anne Kennerley and weatherman Tim Bailey.

Troubled: The announcement comes after a financial blow to 10's U.S. parent company cast a dark cloud over the broadcaster's future. Pictured The Bachelor host Osher Günsberg

Troubled: The announcement comes after a financial blow to 10’s U.S. parent company cast a dark cloud over the broadcaster’s future. Pictured The Bachelor host Osher Günsberg

ViacomCBS share prices went into freefall, plummeting from a record US$100.34 on March 22 to a price of US$44.60 on April 1.

The corporation had ‘been beset by a confluence of factors that… crashed its stock price’ reported Yahoo! Finance on Tuesday.

Those factors included a recent stock offering designed to help fund investment in streaming content that diluted the share price, and several analyst downgrades on the company.

Concerning: ViacomCBS share prices went into freefall, plummeting from a record US$100.34 on March 22 to a price of US$44.60 on April 1. Pictured The Amazing Race host Beau Ryan

Concerning: ViacomCBS share prices went into freefall, plummeting from a record US$100.34 on March 22 to a price of US$44.60 on April 1. Pictured The Amazing Race host Beau Ryan

Read more at DailyMail.co.uk