The announcement included the new title of the Spike network, when transactions are final: O2. At the press conference, a concerned fan asked "You won't get rid of the 'Girls Gone Wild' commercials will you?" To which the company responded that it is too soon to tell.
In any case, this situation is clearly telling of the times. Spike was economically unable to continue independently, and management apparently decided it was time to get out now. We can only hope that this corporate juggling on "Wall Street" does not affect the heart of America. Some fans voiced hopes for the government to offer bailout money to Spike, complaining "If so much of our tax money is going to the bailout... Why can't some of it go to something important."
Fortunately the proud company of Oxygen Media was there to still Spike's fall. Unfortunately without government help, anyone could be next.
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