studio screwed over this show and led to its early demise.
Basically the wayans had a deal to get paid for every new episode. Plus they would get syndication payments for reruns once the show was no longer airing new episodes.
Studio found a work around, by basically showing non stop re-runs over and over and over, while the show was still running,
They wayans don't get paid for the reruns until after after the show is cancelled. and audiences were getting burnt out seeing In living Color playing every episode over and over like MTV does with Ridiculousness.
So the wayans family ended up quitting the show. and obviously it fell off after that.