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CBS has picked up SWAT and SEAL Team for second seasons.
No surprises there. These are CBS' #3 and #4 dramas (behind NCIS and Bull).
Any new cancellations?
So far the only confirmed CBS cancellations are Wisdom of the Crowd and Me, Myself & I. The only other shows that appear to be in danger are 9JKL and Living Biblically. Madam Secretary is currently CBS' lowest-rated show, but the network almost never cancels its own production studio's veteran shows in their fourth season (or fifth, or sixth) regardless of ratings, so I expect it to return (although, like another low-rated CBS Studios production Elementary, it's possible it could be pushed to midseason or Summer).
Why do they keep shows that are barely hanging on?
Shows like Madam Secretary and Elementary, which are produced and owned by the network, can stay on the air despite low ratings because of syndication and international distribution revenue. But there always comes a breaking point as a show gets older and more expensive, and for CBS in recent years that tends to happen around season 6.
Neither is a very strong show. They started out with possibilities but ram through them very quickly.
The problems surrounding Jeremy Piven might have caused trouble for CBS if the ratings had been higher and they had to think about renewal, but Wisdom of the Crowd was canceled for low ratings.
We tend to use the 18-49 numbers when looking at how well a show is doing because those numbers are always widely reported. They also tend to be very good predictors, even if they aren't completely accurate for every network. The CW, for example, uses the younger 18-34 numbers, while CBS uses the slightly older 25-54.