I am afraid that this is the kiss of death for TNA. Nobody will buy the brand now, not when it is damaged goods, with no television deal, diminishing value, lack of star power or recognition by the fans and a brand that has been losing millions.
WCW, was in a much better value when it folded, Nitro was doing about triple what Impact is doing right now, in terms of viewership, the WCW, while being damaged was still a recognized brand and the promotion had by far more marketable and familiar stars, yet without a television deal, it was deemed worthless. TNA, on the other hand, don't have any of that and I really feel sorry for the people working there.
Unfortunately, in wrestling, people never learn. Had the suits at TNA read the Death of WCW or watched old episodes of Nitro, especially during the end, they would have known EXACTLY what NOT to do when booking their promotion, yet they made almost every mistake WCW did to be thrown out of business and added about 10 more on top of that. By the time, they tried to fix with the NYC tapings, it was probably a little bit too little too late for Spike TV.
Let's hope Jarrett knows exactly how to keep his promotion going on, it is a golden opportunity for him to enter the market right now and that ROH market its program in a better way than it is right now. Sinclair, should try to find a national station to broadcast their flagship show which doesn't air in major markets (I live in Boston and we don't get it here).
The business needs competition on a wide scale, we need an alternative, the wrestlers, announcers, creative, managers, production people and everyone associated with this industry need it. Having just one major program is ABSOLUTELY killing the business and even with all the propaganda, the WWE aren't doing that well either in terms of finances.
TNA, had everything to succeed. Unfortunately, the people running it, didn't have a clue on how to run a promotion (and trust me neither can I). Such a damn shame!
EDIT:
Jason Solomon @solomonster · 1h
Lots of rumors Spike is not renewing TNA. What a sad, yet poetic end if it turns out to be the result of them lying to Spike about Russo.
Jason Solomon @solomonster · 24m
Observer reports that Spike decision to cancel #TNA, if true, came days after they learned that Russo was still with the company.
Wow, just wow. The level of ineptitude is really shocking. You can fool the fans, the IWC, and even your own wrestlers, however when doing business in real life, you can't fool your partners or you will get busted. A lesson, WWE it seems will learn the hard way and a lesson that might cause TNA it's own existence.
Idiotic, Shambolic, choose whatever fits. Really feel sorry for those who worked there. Them and their families will suffer the most out of all of this.