The real problem with "wrasslin" now? There's just far too much of it, you've got Raw, Smackdown, NXT, you've got the network you've got a PPV every month.
In the 80's and early 980's a ppv was something special as there was only 4 per year, now they're nothing but a Raw or Smackdown with a different set and occasionally the odd gimmicky match to differentiate it. There's also the fact that pretty much everyone on the planet (bar a few inbred rednecks) knows the exact ins and outs of wrestling so people don't care about it as much as they did when people were still 50/50 about what exactly was going on.
Just look on youtube for "Jim Cornette wrestling is dead" and he goes into far more detail on it in a 27 minute video.
Don't forget RoH, NJPW, Stardom and of course Lucha Underground.
It's nuts right now!