Source: Sports Illustrated
The dirt sheet guessers have been claiming TNA is losing money every time the roster gets turned over to freshen up talent. Dixie Carter recently spoke with Sports Illustrated and proved what we have said here all along at IWHeadlines: the dirt sheets have no idea what they are talking about.
From the article:
TNA Impact shows began airing in October 2005 — the true game changer for the company. It quickly found a loyal audience between one and two million viewers a week. (TNA ratings have become so steady and reliable on Spike over its eight years, that executives like to joke that they can set their watches to them.)
“Once we got on Spike, we changed a lot of things and our revenues grew,” Carter said. “We’ve been cash flow positive for the last four or five years. After that point, Panda stopped putting money in the company. We’ve funded it with every dollar we’ve made and maybe that’s kept us from growing quite as fast.”