--Actually cancelled on Comedy Central because the teams got
together and refused to "play" their game of making fun of us. Also, the
longer the show lasted the more T&A crept in and parents of younger
contestants protested. Then around the time Battlebots left CC they got sued
by that greedy bastard that ran Robot Wars (there's a book about that mess).
By the time the suit was settled the network consolidation was complete and
there were no more networks that wanted the contest. It folded due to lack
of funds: it needed networks competing for rights to televise the events to
finance the prize money and the fairly extensive infrastructure.
--I still get a creepy feeling when I think of 300 teams of eager
hardware hackers given the shaft by one guy's greed and a rabid pack of
lawyers and maybe changing their majors to law: yecchhh!