Jim Crockett, Jr.
Einhorn left the IWA in late 1975 due to business conflicts and a large financial loss. At that time, Tom Ficara acquired the IWA Wrestling programming for his FBC Cable Network. Ficara subsequently bought TVS itself in 1990. Subsequently, Johnny Powers became the booker for the IWA and scaled down the promotion. The company ran shows in Virginia and North Carolina for a couple of years. Ron Martinez stayed with the promotion for three years after Einhorn left. The promotion closed after an antitrust case that accused Jim Crockett, Jr. of preventing the IWA from promoting shows in the area's large arenas, including the Winston-Salem Coliseum. The case was not successful and the promotion closed in 1978.