Canadian company buys TNA Impact wrestling group

A Canadian sports media group has acquired most of TNA Impact Wrestling, the local promoter that has been struggling financially and had been courting a buyer while it was in court fighting musician and financial backer Billy Corgan.

Terms of the acquisition by Toronto-based Anthem Sports & Entertainment are not being disclosed. Anthem, which had been a minority investor in TNA Impact, also own Fight Network and has been TNA Impact’s exclusive Canadian broadcast partner and its worldwide digital partner. TNA Impact Chairman Dixie Charter will step down from that role but join the advisory board of Fight Media Group and retain a minority stake in TNA Impact.