TNA News: Jim Ross comments on Spike TV declining to renew Impact TV deal
WWE Hall of Famer Jim Ross addressed the news that Spike TV has declined to renew the TNA Impact Wrestling television contract. "Obviously, this is a blow to TNA but they have a weekly audience of approximately 1M viewers which will interest some cable networks," Ross wrote. "The question is can TNA negotiate a deal that will financially keep them in business in today's entertainment world with this quick turnaround?...
"It will be interesting to see how all the involved parties spin this matter come Monday morning. If WWE's scheduled financial, conference call doesn't go well later this week especially as it relates to the number if subscribers currently paying for the WWE Network this will be one of the most news worthy and potentially negative weeks the business has experienced in years. Hopefully the week will end better than it's started." Read the full blog at JRsbarbq.com.
Powell's POV: This is a huge week in pro wrestling for the reasons that Ross mentioned. TNA talent have told me in the past that they were assured that the company would move on even if something were to fall through with Spike TV, but one can only assume that it would require even more budget slashing to make that happen. I assume the company has existing television contracts to honor worldwide and it's possible they could find another network partner in the United States, but obviously things do not look good for TNA right now. Ross had more to say about the situation, so be sure to read his actual blog.
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