Apparently, it's just a rumor, though his blog on Comedy Central (yes, he has one-no I didn't read it, I just heard about it) makes it look like it got the axe. My best guess is that with "Chocolate News", they don't feel a need to bankroll Mencia anymore. "MadTV" is officially cancelled (thank God, though it took them way too long), and may I remind you it helped Caliendo reach a wider audience.
Replacing Mind of Mencia with Chocolate News... all I have is the different kind of animal shit comparison joke... there's gotta be something else.
It's just going from a fat Mexican fist going in your ass while he grunts at you like he is retarded... to DAG just yelling "DAMN!" at you while he's raping you.