As previously reported, TMZ.com reported that Spike TV has canceled Impact Wrestling after informing TNA Wrestling president Dixie Carter that they would not be renewing the company's television deal once their current deal expires this coming October.

In an update, The Wrestling Observer is reporting that while Spike TV officials informed Carter of their decision, Carter actually told her staff in a meeting this past Friday that TNA Wrestling had made the decision to leave Spike TV "on their own volition due to a lack of promotion."

The Wrestling Observer further reports that Spike TV's decision to cancel Impact Wrestling came just days after the television network found out that Vince Russo was still working for TNA Wrestling.

Stay connected to WrestlingNewsSource.com for all of the latest updates as more information is made available.