I can't see the network having many options financially other than continuing the show. They generally show many of their shows for years after the production of new episodes ends, and probably rely on the money made by continuing to show the new episodes, if not reruns after they run out.
Also, having watched an awful lot of Nick as a child, they were generally fairly responsible. I remember them showing a lot of specials about various topics and Nick News (which still show in reruns). There was also more racial diversity there than on some major networks.
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