Just received an email from Mike Aldren with this breaking news:

TOTAL NONSTOP ACTION WRESTLING NEWS

We have it confirmed through two well-placed sources that TNA Wrestling
has released Jim Cornette and BG James.

Cornette of late had been working behind the scenes as an agent and in
production since his on-air role as the figure head "Management
Director" had diminished.

James had also been working as an agent.

More on this developing story tomorrow.