>>14428161The real and simple answer is that wrestling is very niche and basically no one capable of high-level business decision-making understands it operationally or financially, so networks are only willing to air it if it's already proving to be a cash cow. Money marks are the only ones willing to actually invest cash in a wrestling fed, so the industry is naturally very unstable because feds can fall apart in an instant but are difficult and rare to actually grow or become profitable. Also WWE and AEW have really cannibalized the entire alternative wrestling scene of anyone with a crumb of talent.
>>14428202>How is it still aliveUnironically, its name. Even a has-been fed has a strong competitive advantage in still being seen as above some literal who indie. Just the fact that people wonder what happened to TNA gives it more viewers than basically every indie combined. Up and coming wrestlers are still willing to go to it because it technically elevates their career. This is the same reason that AEW buying RoH was a disaster. It kicked a ladder down.