Disney's decision to cancel 'Roseanne' was a courageous and correct call from an investor perspective. : Case in point: over the course of just a few hours, Roseanne Barr sent out a racial slur via tweet, and effectively flushed her hit TV show and resurgent career down the toilet. Asked why the ABC Network decided to cancel the show, a source told CNN, "It's a question of right and wrong. And it's a question of our company's values." The Walt Disney Company is the parent company of ABC.