Kemo
11-04-2016, 01:29 PM
Earlier today, around the same time that Impact Ventures (TNA parent company) and Anthem Sports and Entertainment (Fight Network parent company) issued their joint press release about changes to TNA, Dixie Carter sent out an internal email to staff and talent. These are the key details that were not mentioned in the press release:
A lot of the language is identical to the press release, including the line about how “the company will be managed by the Board, with Mr. [Edwin] Nordholm representing the Board on all major operating and restructuring decisions.” In Carter’s letter, however, it’s directly preceded by a note about how “[i]n general, the organizational structure will otherwise remain the same.” There’s also a note about TNA “worked with him over the last several months during numerous negotiations, and he has been instrumental in concluding the documents signed today.”
The takeaway appears to be that Edwin Nordholm is running the company. There’s no reference to Aroluxe’s Jason Brown, who had been running day to day operations unofficially and was expected to take over as CEO as part of the restructuring. However…
There’s also this: “Aroluxc Media, who is also an equity stakeholder, will continue to produce our shows in 2017. The next set of full tapings is scheduled for early January. Aroluxe will become more actively involved in the creative process to ensure that our taping productions arc as efficient and cost-effective as possible.” Aroluxe was not mentioned in the press release, and a representative for Anthem refused to comment on if they were still involved.
Carter notes that “Anthem’s sales team will be supporting the company in the TV and digital ad market.” Since TNA’s American TV revenue is entirely dependent on splitting advertising money with PopTV and it’s nearly nonexistent now, you can see why they would make that change.
The letter ends with this: “The Board of Managers will continue to develop a longer-term business plan for the Company and I am excited to have Anthem’s experience available to us as we plan for the future. With financial stability, we can focus on executing our near term objectives while planning a measured and thoughtful approach for the future.”
Note Carter’s choice of words: While TNA claimed in court records that the recent “cash flow deficits” were part of a larger plan to build up the PopTV ad inventory, she implies here that the company lacked “financial stability” until the Anthem deal was made this week.
A lot of the language is identical to the press release, including the line about how “the company will be managed by the Board, with Mr. [Edwin] Nordholm representing the Board on all major operating and restructuring decisions.” In Carter’s letter, however, it’s directly preceded by a note about how “[i]n general, the organizational structure will otherwise remain the same.” There’s also a note about TNA “worked with him over the last several months during numerous negotiations, and he has been instrumental in concluding the documents signed today.”
The takeaway appears to be that Edwin Nordholm is running the company. There’s no reference to Aroluxe’s Jason Brown, who had been running day to day operations unofficially and was expected to take over as CEO as part of the restructuring. However…
There’s also this: “Aroluxc Media, who is also an equity stakeholder, will continue to produce our shows in 2017. The next set of full tapings is scheduled for early January. Aroluxe will become more actively involved in the creative process to ensure that our taping productions arc as efficient and cost-effective as possible.” Aroluxe was not mentioned in the press release, and a representative for Anthem refused to comment on if they were still involved.
Carter notes that “Anthem’s sales team will be supporting the company in the TV and digital ad market.” Since TNA’s American TV revenue is entirely dependent on splitting advertising money with PopTV and it’s nearly nonexistent now, you can see why they would make that change.
The letter ends with this: “The Board of Managers will continue to develop a longer-term business plan for the Company and I am excited to have Anthem’s experience available to us as we plan for the future. With financial stability, we can focus on executing our near term objectives while planning a measured and thoughtful approach for the future.”
Note Carter’s choice of words: While TNA claimed in court records that the recent “cash flow deficits” were part of a larger plan to build up the PopTV ad inventory, she implies here that the company lacked “financial stability” until the Anthem deal was made this week.