The NEW MADtv sucks big time. It is totally unwatchable. I tried getting through a second episode and had to keep fast forwarding through it with the hope that the next sketch would be funny. No such luck. It's an embarrassment to the franchise. Alfred E. Neuman is not laughing.
Same with the magazine, used to be funny at all age levels of readers, i.e., had stuff that kids, teens, and adults could all laugh at, not an easy task. I think as the original crew died off the replacements just weren't up to the task. IMHO, should have closed it down a la Seinfeld, at their peak.
And similar to Seinfeld, there are lines that are permanently part of the English language, "what do you mean we kemosabe" comes to mind (although the original cartoon the line was just "what you mean we?")