Lucha Underground knows they need to find a bigger network and a better, more cost-effective way to produce the show. They are already trying to get to a space where they can charge for tickets and help them generate more revenue to off-set the costs. The show is also produced in a unique fashion that can be classified as a true alternative to WWE. Lucha Underground is like a Superhero TV series like The Flash or Arrow. Producers even said they want it to be available on Netflix (like The Flash) and there is reason to believe they could get to that point down the road. If they do, that would be a HUGE deal for them and anyone who wants an alternative to WWE.
GFW is working with so many other indy companies that even if it makes some mistakes, like signing Scott Steiner, it can over come that as long as it doesn't make these old guys a focal point. GFW has to fight the long battle like TNA did in the early days but avoid making the executive mistakes and hiring old timers who don't really have their heart in it.
Personally, I maintain this is still best for the pro wrestling business. TNA's name is too damaged, in my opinion to keep going. I used to be a pretty big TNA fan. I used to praise it for having such good quality matches, less talk, more action and more interesting characters. But since the Dixie Carter/Hulk Hogan time, ever since then, I can't bring myself to watch it really. I would sometimes check out matches to see a few guys like Jeff Hardy, Bully Ray, AJ Styles, Abyss but even when TNA has been putting on these massive special shows with gimmick matches and huge stakes and championship matches, I just can't get into it any more. Obviously doesn't help that since it left Spike I can't watch it on my TV. But I don't care to.
I'd rather find Lucha Underground online because it's fresh, new and different.