I promise I will get to the point of this thread, so don't mark me for spamming too quick, I just wanted to say a couple of things first.
A problem with this is people have a tendancy to book for themselves (for example putting the world title on AJ, or having Ultimate-X matches every week) rather than trying to book a wrestling show that will do well with everyone. You have to take into consideration what everyone wants, and though it may pain some TNA loyalists to hear it, you have to think what TNA has that a WWE audience might like.
To that end I think Angle has to remain the top guy. He has name recognition, he can wrestle (obviously), he can talk, and he looks legit. His Olympic credentials will STILL get him over with a casual fan. Him having a faction may have been done to death, but if you look back at history, most of the best heels had a manager or some cronies to back them up. I'm not sure if the Main Event Mafia thing is working to full effect, it's making the TNA originals look very bad, the opposite of what it's meant to be doing.
TNA need to decide on their top face. They tried to make it AJ Styles but that didn't really work, I'm not convinced he has that star power that a John Cena has, not taking anything away from his ability, he is the backbone of that company, I just think he might need to occupy a Shawn Michaels role in that he rarely chases the title, never wins it, and instead just works with a wide variety of opponents and puts on some great performances. Put him in exhibitions with lower-card talent, put him in meaningful feuds (I was a fan of the Angle one, but in my opinion they gave AJ too much), but keep him away from the belt.
Samoa Joe was their next attempt at the main face and I just don't know if he's capable of it, not in a carry-the-company type way. He's an amazing competitor and he will always be over, but his character doesn't fit a main-event babyface. The obvious answer here is an anti-hero like Austin. Joe got the biggest support of his career as a heel, kicking darling-AJ's head in, the guy was monster over, then they put him against Angle in some gritty matches that were fantastic, but then they had Angle morph into Mr. Heel and Joe turned a bit soft. Joe's entire thing is that he is smart, he needs to get one over on heels, cause some havoc, disrupt the natural order. I think they're trying to an extent to replicate the old Joe with this Nation of Violence thing, having him destroy people, but honestly I think people have forgotten about Joe a bit, his window may have closed in TNA.... welcome back AJ Styles, time to make each other stars again.
As for everything else, I think it's done ok, there's just too much focus on ******ed stuff like One Night With ODB, and Doctor Stevie. The Rough Cuts are good in my opinion, more of them please.
The women's division is almost a separate entity but I like that they keep it fresh and bring in talent to add to it rather than just reshuffling the same 6 girls like in the WWE.
I think the tag division was due an overhaul and the tag tournament might be a way to get new teams over, but I think Beer Money need to be the team, they were in my opinion a better Americas Most Wanted, THE team from when TNA were praised for tag team wrestling. The problem with tag team wrestling is there are less options. Team 3D, MCMG and LAX have all feuded with Beer Money and with each other (MCMG and LAX need a feud, rather than one-spot matches). I don't have many ideas for this, I guess I'm so used to not seeing it anymore that I don't know how to book tag wrestling.
The X-Division needs work and it needs it yesterday. Honestly, abolish it or re-haul it. I know there was huge backlash when they considered getting rid of it, but come on, look at it! It's an embarrassment. I'd rather see Lethal Consequences as a regular team and Suicide as an upper-mid-carder. Sheik Abdul-Bashir I just don't like (and no, not because he's Iranian), I just hate all the feuds they put him in. And that's it, Petey's gone, Sonjay's gone, Sabin and Shelley are a tag team, Joe, Daniels and AJ have graduated to main events, maybe the ship has sailed on the X-Division?
I firmly believe they need an equivilent to the IC/US Title, the Legends title is ******ed, we're only going to have like 3 champions ever. They need something to give people like Robert Roode when he was on his great solo run. I'd unify the TNA and Legends titles at a PPV and then bring in a TV title or something to that effect, something to grow mid-carders with.
That's the problem with TNA, they clusterfuck their main events with 56 guys, they have their tag teams and their ladies, and no-one else has an identity. Eric Young moves all over the damn place, who is he to feud with long term? They need to establish that undercard even if it's at the expense of the X-Division.
Finally, stop bringing in D-list celebrities. I know they think that using someone famous will increase ratings, but it has to be an actual star. WWE got Mike Tyson, TNA got Pacman Jones... people don't like Pacman Jones, he isn't even an all-star level football player, and non NFL fans don't know who he is. WWE got Donald Trump, TNA got Frank Wycheck and Kyle Vanden Bosch, I could go on and on...
They need to do every PPV on the road and make their PPVs look less like an episode of Impact. Change the rope colours, get creative with the entranceway, do something. They need to fire the voice-over guy they use, he just sounds cheesy, do like the WWE and use footage and if you feel you need a voice-over, get someone better. Mike Tenay is fine, West is alright but could probably do with being the third wheel. I don't think Taz would hurt, but nor would he fix it.
But of course to book an entire company head to toe is a monumental task and I've addressed only some of the issues and still managed to create the world's longest post, so I'll stop now.