Not poor ratings?
April 30, 1998 
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     There is some evidence that TELETOON didn't
     cancel Dragon Ball Z and Late Night Anime due to
     poor ratings. An email I recieved from
     pyriphlegthon@geocities.com gave me an email
     sent to him by TELETOON. It said: 

     Hello, 

     Thank you for taking the time to write to us and sorry it took so
     long to respond. You have been really patient! 

     Since all of our viewers have seen the Anime and Dragon Ball
     Z, we decided to give them a little break. 

     Although we are only six months old, we already have an
     impressive inventory of animated programs from around the
     world, and this is just the beginning. Like any other company,
     TELETOON works with a budget and the one for this year has
     already been spent. We now have to wait and see how much
     money will be available before we can commit to new
     acquisitions. Already this year 5 millions of dollars were
     invested in our programming and we will keep investing each
     season. 

     In the mean time, please keep visiting our website as all new
     acquisitions will be posted on the "What's new" page. 

     Nathalie Lévesque 
     Viewer Relations/Relations à l'auditoire 
     TELETOON 
     BCE Place 
     181 Bay Street, P.O. Box 787 
     Toronto, ON M5J 2T3 

     So apparently it's possible that the anime was
     cancelled not because of bad ratings but rather
     because of lack of funds and because TELETOON
     felt that after showing the same movies a lot of
     times that they should give it a break.