WWE Hall of Famer Jim Ross has given his thoughts on the the news that Spike TV has decided not to renew the TNA Impact Wrestling television contract once it expires later this year.

"Obviously, this is a blow to TNA but they have a weekly audience of approximately 1M viewers which will interest some cable networks," Ross wrote. "The question is can TNA negotiate a deal that will financially keep them in business in today's entertainment world with this quick turnaround?...

"It will be interesting to see how all the involved parties spin this matter come Monday morning. If WWE's scheduled financial, conference call doesn't go well later this week especially as it relates to the number if subscribers currently paying for the WWE Network this will be one of the most news worthy and potentially negative weeks the business has experienced in years. Hopefully the week will end better than it's started."