Impact Wrestling Reportedly Cancelled by Destination America

It looks like Impact/TNA Wrestling might not to be able to kick out of this one.

Sports Illustrated has reported that the once Number Two in professional wrestling will be without a home come the beginning of next year. SI goes into some of the troubles the big blue brand has faced over the years, and what has led them down this uncertainty.

"The fact of the matter is TNA had its most successful years when I was at the helm," said Jeff Jarrett, co-founder of the company, who broke off from TNA to start his own promotion in Global Force Wrestling. "It's just that simple."

Since 2002, TNA had been an adequate alternative from the WWE monopoly machine, but with the rise of Ring of Honor (ROH), who nabbed a TV deal with Sinclair Broadcasting (and also added to Destination America's schedule) and the Internet culture and die hard fans of New Japan Pro Wrestling (NJPW), TNA's placement on the hierarchy has shifted. TNA found a deal with Spike TV, but with sinking ratings each passing year, the network decided not to renew the wrestling promotion and cancelled them last December.

"The biggest challenge for us is building a brand in the U.S.," said Dixie Carter, who is TNA's president. "That's where we need to grow. We're contracted to Destination America through the end of the year, and we are in discussions going on for 2016."

While no official word from the company has been released, the Wrestling Observer posted part of a memo from Destination America that was sent to advertisers, warning that TNA should be listed under a DNA (Do Not Advertise) list that reads:

"Destination America is not renewing TNA Wrestling next year. While the ratings were strong, the audience was not large enough to justify the program investment. We plan to honor the current contract and continue to air original episodes of TNA Wrestling on Friday nights through the end of the third quarter 2015."

That's pretty cut and dry, right?

So what happens now? It's possible that Impact Wrestling finds a new home, but very unlikely with their ratings and track record. They could also return to their roots of weekly iPPVs, but with the writing on the wall, how long before other talent jumps ship?

What do you think, readers? Should TNA be put out of its misery, or does the brand and talent deserve one last chance to shine?