"Lower rated" kind of answers the question in most cases. Nearly any show is "beloved" to someone, but with limited 'shelf space,' the networks need to do what's best for the bottom line, and someone will inevitably be disappointed as a result.
Your answer is a good one. In the evolving world of many providers (basic and premium cable) and streaming, I think there is a greater tendency than ever before to jettison shows that have borderline ratings, for the next new thing. I understand the reason
Arrested Development was a cult favorite, but with so many alternatives to watch, I couldn't ever bond with it, despite my love of Jeffrey Tambor and some of the other cast. I thought
Don't Trust the B... was decent, but nothing more than that, despite my love for Krysten Ritter. No worries, though - she will go far, I think. And these are just MY opinions.
Remember the bad old days (not that long ago) when a borderline show like
According to Jim could lurch on and avoid cancellation for years because the network had no new ideas? I certainly don't want to return to that world.
I've always wondered why a show like
Don't Trust the B gets only borderline ratings, when the similar, but truly wretched steaming pile of manure like
2 Broke Girls can be a hit and last multiple seasons. It may be as simple as the difference between number 1 (CBS) and number 4 (ABC).
As more people begin streaming, there are great opportunities for new shows like
The Unbreakable Kimmy Schmidt ,
Master of None, and
Transparent (Jeffrey Tambor, again). And its also allowed shows like
Arrested Development and Fuller House (ugh!) to have new life beyond the Big 4 networks. But going forward, I think it will be unusual for these shows to produce more than 8 or 10 shows per "season," or to last more than a few "seasons." I think that's a good thing because it creates more opportunity for new ideas.