Dave@...

Spike TV sent out a press release earlier today announcing they have
closed negotiations with WWE regarding renewing their five-year
contract.

It is believed to now be a formality that WWE Raw and the rest of
the weekend cable shows, Heat, Velocity and Experience, will be
moving to the USA Network in September.

"After several months of negotiations, we have decided to end our
discussions about extending our relationship wiht WWE beyond
September 2005," wrote Spike TV in a press release. "Moving forward,
Spike TV will expand its investments in original programming and new
acquisitions for its core audience."

This is a huge blow to the network, as Raw was, by far, its most
popular program and led to it be the No. 4 rated network when it
came to the coveted 18-34 and 18-49 demographics.