You have to figure they'll get a small network if they did get a TV deal, so I figure they could survive, but as KK said, without selling out and going "Sports Entertainment" it's not possible. Main stream doesn't want wrestling, they want good WWE.
Personally, and I've said it before, I think they should start an actual online show. I think it would be popular enough to get over and if they went with something like UStream and their own advertising system it would be a better choice than TV, at least to start with.
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