Dave Meltzer reported in this week's subscriber only Wrestling Observer Newsletter that WWE Main Event is expected to be cancelled by ION Television when the existing contract expires in early April:
"Ion’s contract for Main Event ends on 4/2 and as of two weeks ago were not expected to renew it (that story has been going around in WWE internally. Officially, neither WWE nor Ion responded to the question as to whether a renewal was in place or if 4/2 was the final scheduled episode; this was a similar non-reaction to when Saturday Morning Slam was canceled, nobody would confirm it internally until it just never showed up again for its fall season). If it goes down like that, one would expect it to be portrayed by WWE as moving the show to the network."
The news is unsurprising given that the show's ratings have been somewhat disappointing ever since its debut on the station almost 18 months ago. Although Main Event typically garners about 1.3-1.4 million viewers a week, slightly above ION's prime time average, given the significant rights fees the channel pays for airing the program, ION wanted figures approaching the level Smackdown gets on SyFy, i.e., more than double what they were getting.
The timing of the cancellation couldn't be better, as WWE can offer Main Event as part of the package of programming with Monday Night Raw, Smackdown and Total Divas that they are currently shopping around to cable networks, whilst airing the show on the WWE Network in the meantime.
Indeed, WWE has already announced that Main Event will air on the Network this week, live from their tapings in Detroit, MI, on Tuesday Mar. 4th at 7pm, which will also allow them another much needed opportunity to sort out any problems with live streaming events long before WrestleMania 30:
"As noted elsewhere, the Main Event taping from Detroit Tuesday night will air live on the network, which is another test run to make sure things run smooth."
Hopefully, this runs without a hitch, unlike the NXT ArRIVAL special, which was plagued with technical difficulties midway through the airing.