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Vanessa Ives died in the last episode of season three, and the show will not return. Variety spoke to Showtime president David Nevins and âPenny Dreadfulâ creator John Logan about why they made the decision to end the show after making a grand total of 27 episodes. âThatâs where television is now,â Nevins said. âWe donât have to make seven seasons for the sake of making seven seasons.
2016-2017 TV season: The ultimate guide to what's canceled, what's renewed. For the past several months, networks have issued a steady trickle of information about which TV shows were renewed for 2016 and 2017, and which ones were canceled. (Update: Nashville lives! ABC may have canceled it, but the CMT cable channel has picked up the show.) In preparation for the upfronts, the mid-May ritual when networks present their new schedules to advertisers, 2016-2017 schedules were firmed up and finalized, and bubble shows found out their fates.