Post by Magic knows Black Lives Matter on Mar 31, 2016 8:41:42 GMT -5
From the latest Wrestling Observer:
There are very serious talks regarding a new investor coming in. Right now a key point in the negotiations is the new company wants to purchase 55% of the company while Dixie Carter is trying to keep negotiate it to 49%, so she would still have controlling power. The problem is TNA is in a money crunch and very much living hand-to-mouth and the investor may already be involved in a limited fashion. One of the reasons the last set of tapings weren’t announced until the last minute and flights weren’t booked until late was that aspect as they apparently can’t announce dates officially at Universal until Universal gets a deposit. That may be why the tapings that the talent has been told will start on 4/19, only a few weeks away, still haven’t been announced. We’ve heard a lot more regarding late pay and while nobody wants to put that out publicly, there are those still there as well as those who recently left who were way behind either at times or even still currently. A key part of this is the revenue sharing on ad revenue as part of the Pop TV deal has been bleak, given the numbers that the show is pulling and that it has been very difficult to sell the TNA-specific ads that were part of the revenue sharing deal given it’s wrestling and that the show isn’t doing anywhere near the kind of numbers station President Brad Schwartz was talking about (he was throwing around numbers like 1.3 million viewers) when the deal was made
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