As noted earlier, TNA Impact has been cancelled by Spike TV. Their contract expires in October. There is talk that Dixie Carter actually told her staff on Friday that they were leaving Spike on their own because of lack of promotion. Others have confirmed that it was Spike that told them that they weren’t renewing.
Dave Meltzer noted that the decision came just days after Spike found out that Vince Russo was working for TNA. I spoke with people at TNA today and they had no idea and only heard about the rumors online.
TNA is in a very bad spot right now. They have just 2 months to get a new TV deal. It will be very tough for them to get a deal similar to what Spike was paying them. Even with the money that they had coming in from Spike TV they were still in financial trouble so a new TV deal for less money would put the company in much worse shape.