Word came out late Sunday night that Spike TV is opting not to renew TNA’s contract. The news even made it to the main stream as TMZ has even picked up the story. Even more strange are the stories that Vince Russo being involved with TNA still could have a deciding factor for Spike to sever ties with the organization.
So, what now?
At the moment it looks like TNA and Spike are trying to negotiate something out of this news. Possibly in regards to staying with the cable channel or an extension until TNA can find a new home.
IMPACT was still pulling a decent rating and if Spike doesn’t want wrestling anymore, maybe TNA could look at lesser known channels like ION who use to carry the WWE’s Main Event Sh0w.
If TNA does go under for lack of finding a new home, one could only imagine that it would be a matter of time before the WWE would purchase their library for the WWE Network. This could be a good move if for just filling in the void of explaining Sting’s career after WCW folded.
This is a big blow to the wrestling community and we will have more on this situation as it unfolds.