2 years ago, Smackdown Live 9/12/17 drew 2.754 million with Jinder Mahal as world champ. 2 years later, Smackdown hovers around 2 mil and Raw just got a 2.130 million. Smackdown from 2 years ago outdrew Raw by over 600,000 viewers with Jinder fucking Mahal as world champion. If that's not dying, I have no idea what is. Compare that to 5 or so years ago, when a returning Dave Batista drew 4.86 million viewers in 2014, that episode drew more viewers than this weeks Raw and Smackdown will combined, plus another 800K-1 million viewers. The business is absolutely fucked, Raw will dip below 2 million this year and Smackdown will likely be headed to 1.5 mil or so. Soon enough, they'll have less viewers than peak TNA did. As far as the other companies go, about 387 people still watch Impact and ROH is insignificant. It really all comes down to AEW, if they aren't a big hit, the business will continue to decline into a more obscure niche and will stand the real threat of going into complete underground obscurity if the TV bubble bursts and TV executives stop paying huge money for mediocre ratings.