That's dumb of them, but the guys that took over CN at the time were proven to be utter morons in the end.
They tried to follow trends that were big on competing networks and competing media instead of building up their own unique programming. Toonami slagged for an MMO, live action programming, the utter bastardization of Dexter's Lab (still pissed about that). At least they starting righting their course around 2010-11, but CN will never be the same.