Has WWE Network been canceled? Then it was because Vince was just greedy didn't realize that by eliminating WCW as a stand alone product and eliminating ECW he kind of diminished the demand for Wrestling.
What he SHOULD do is start a regional based wrestling group, sort of like the NWA and grow some talent there and then start and ECW division for late night, while keeping WWE as the main focus. There are so many cable company's looking for content this would be an easy sell for coverage. While providing WWE with a Wrestling News opportunity to promote and report on all of them.