Post by The Ultimate Nullifier on Dec 8, 2014 11:06:30 GMT -6
KPTV, Ch. 12 in Portland, OR announced the cancellation of Portland Wrestling, a Saturday night institution on the station for 38 consecutive years. The final episode ran on December 28, 1991. The program, which had a history of strong ratings and a loyal cult following, fell victim to high production costs, which the station was paying for, and declining ratings. The ratings, as usual, were the main factor as well as the station not wanting to have its production facilities tied up every Saturday night. The third key reason was that Tom Peterson, the long-time sponsor of the show having filed for bankruptcy leaving the show without a sponsor. Shortly after this announcement, the oldest wrestling promotion in the world, Owen Promotions, which dated back to Don's father Herb Owen in the 1920s, closed down shop.