TNA paying wrestlers late

From Lords Of Pain

So they're starting to release seldom-used talent to save money because it's costing them more money to be on the road, and they're also paying wrestlers up to two months late.

Is TNA in worse shape than we knew? What good is having ratings that Spike loves if they're going to have to cut talent down to the bone to be able to successfully tour and they can't even run regular monthly Pay-Per-Views?
Hogan and Bischoff don't come cheap.  I wouldn't call it much of a surprise, given that we've known for a while that TNA was late paying talent and creditors and yet there was still this bizarre urban legend about them being profitable.  TNA exists only by the grace of Panda Energy and Spike TV, and it's been that way for years now.