Hire Paul Heyman.
Sure, Dixie, you've probably heard he's the anti-Christ from some of your employees. Keep in mind that most of those people would be out of a job if you gave Heyman the type of power and control he would presumably require before even considering the gig.
Heyman won't come cheap, but I guarantee you could save a ton of money by paying his asking price and turning him loose. Let Heyman clean house of all the Jarrett cronies on the payroll, all the overpaid veterans who care about nothing more than cashing their paychecks, and, of course, the useless creative staff. In the end, you'd save a ton of money and would ultimately have a better product.
In the process, your company would become Internet darlings. The same fans that scoff at the mere mention of TNA would suddenly see you and the company in a new light. Not only would you attract the same group of fans who tune in for TNA Impact every week (because I'm convinced that most of these people are the same hardcore wrestling fans who watch ECW on Syfy every week), but you'd also get an entire new audience of passionate Internet wrestling fans who have faith in Heyman's creative ability and won't give the time of day to a product booked by your current regime.
Heyman couldn't turn things around overnight, but I have much more confidence in him than the vision-less creative staff you currently employ. Your current product focuses on old guys who promise you they'll pass the torch to all the young guys when the time is right. In some cases, these guys have been making that promise since WCW was still around. When push comes to shove, they never do the type of meaningful jobs that create stars. And in many cases, the wrestlers who will do jobs don't mean enough anymore to make younger wrestlers.
Focus on the business end, Dixie, and let Heyman control the creative end of the business and play the hatchet man role that you're company so desperately needs. It might not be as comfortable as the status quo, but sometimes you have to make the tough decisions to make your business stronger. Make this one decision and let Heyman do the rest in terms of creative and personnel decisions.
I know, Dixie, you're company has shown growth in several areas. That's great. As I've said before, though, you have to stop and ask yourself how much more growth there would have been by now if you had the right people in place all along. You can't change the past, but you can rectify the situation by making the one simple move that can save you money, score goodwill amongst the fans, and get people truly excited about your product.