J SPORTS
In June 2002, Jarrett and his father created a limited-liability company, J Sports and Entertainment and opened a new pro wrestling promotion, Total Nonstop Action Wrestling (TNA). TNA aired in a weekly pay-per-view format until May 2004, when the promotion negotiated a television deal with Fox Sports Net and began broadcasting "Impact!". In November 2004, TNA began airing monthly pay-per-views instead of weekly pay-per-views, and in October 2005 "Impact!" moved to Spike TV. Panda Energy and its Chairman and CEO, Robert Carter, acquired a controlling interest in TNA in 2002, although Jarrett remained a minority owner.