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Spike TV Cancels "TNA Impact"

Could this be the final nail in the coffin for the struggling wrestling promotion?

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It has been a rough 12 months for Total Nonstop Action Wrestling. The company has had extremely low attendance at their live events.

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TNA's largest annual event, Bound For Glory only drew a mere 3000 people at the Viejas Arena in San Diego, CA, an arena with a 12,200 seat capacity. Compare this to WWE's largest event Wrestlemania, which had an attendance of 75,000 strong, selling out the Mercedes-Benz in New Orleans, Louisiana.

The company saw the departure of many of its top stars.

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Stars like Hulk Hogan, Sting, AJ Styles, Kazarian, Rob Van Dam and Christopher Daniels departed the company, citing creative differences and not liking the company's direction.

AJ Styles who was with TNA since its conception in 2002 left the company while he was still their champion in 2013.

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Upon returning to the smaller, independant promotion Ring of Honor, it was clear that the wrestling community were turning against TNA.

TNA's bad luck came to a peak on Sunday with their weekly television show, "IMPACT Wrestling" being cancelled by Spike TV.

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TNA have been with Spike TV for the better part of a decade. Since debuting on the network in 2005, IMPACT has seen little rise in the ratings, even wrestling icon Hulk Hogan's jump to the company in 2010 had little effect.

Former WWE commentator Jim Ross shared his views on the cancellation.

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"Obviously, this is a blow to TNA but they have a weekly audience of approximately 1M viewers which will interest some cable networks. The question is can TNA negotiate a deal that will financially keep them in business in today’s entertainment world with this quick turnaround?"

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