Well, "Bites the dust" was probably a bit misleading. I refer of course to a lot of the programming, not the channel itself.
Actually, a lot of the shows will probably go somewhere else or disappear. They are changing the format, adding cooking shows etc. Kind of like going from Jazz to talk radio.
Anyone remember tech TV? Then G4 took it over, merged it, then obliterated it.
I remember when the Sci-Fi channel first started operation. I caught this weird video on my C-band dish. For the young guys here, a C-band dish is a 10 foot satellite antenna. They broadcast this nebulous cloud and sound effects for a few weeks.
Then one day the Sci-Fi channel premiered. WOW! it was so cool! (back then).
But gradually it became watered down, and the writing was on the wall. It WAS a niche channel, like special-X on XM radio. They both played odd and unusual content. Alas, that does not make money like top 40's crap, so Special-X is gone and the "essence" of the Sci-Fi channel soon will be as well. SYFY, isn't going anywhere.
Oh well, there's always downloads. I just added 2TB of storage to my media server.
I'm really hoping that the suits get enough backlash from their audience that they will keep most of the shows, but we'll see.