Is Cartoon Network dead? #RIPCartoonNetwork trends on X, sparks frenzy among fans

Rumours of the popular American Cable TV channel, Cartoon Network, shutting down started swirling on social media on Tuesday causing a frenzy among fans.
The speculations started after an X (formerly Twitter) user Animation Workers Ignited made a social media post hinting at the end of the channel. "Cartoon Network is dead?!?! Spread the word about what’s at stake for animation!!! Post about your favorite Cartoon Network shows using #RIPCartoonNetwork.Active members of TAG can help by filling out your survey! Today (7/8) is the last day!" said the social media user.

The post featured a video asking the fans, "Animation is under attack. Which side are you on?” The video also mentioned that "other big animation studios are not far behind". It further talked about the workers in the industry who are mostly unemployed.
The post went viral as many recalled their childhood memories, spending time in front of the TV watching classic cartoons like Scooby-Doo, Tom and Jerry, Ben 10, etc.
Fans also expressed their sadness and disappointment while hoping that the channel would not actually shut down . "It is absolutely insane that studios get away with this. I really hope we can do something with the survey results. There are so many Cartoons I would have loved to see given a proper sendoff, like Infinity Train, ROTTMNT, and The Owl House," said one X user. Another said, "It is really end of era on the iconic childhood memories in Cartoon Network."
Cartoon Network reject the claims
Following the social media chaos, Cartoon Network assured that that the shutdown was just speculation. "Cartoon Network would like to clarify that there is no truth to the speculation that the network or the studio is shutting down. With a number of recently announced greenlights, we remain committed to continually investing in innovative content that entertains and inspires our viewers across the globe," said the channel in its statement.