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Wrestling people live in a bubble and often don't have a fucking clue what they're talking about. Cable television as we knew it is dying. The only real reason to have it anymore is to watch live events. All of the networks know this and that's why you're seeing retarded shit like cornhole getting put on television. All of these networks are racing to get as much live sports as possible just to try to save themselves.
Live events also get more ad money than reruns even if the reruns get more viewers. WWE isn't going anywhere. AEW isn't going anywhere. If either were dropped today there'd instantly be people fighting over their rights.