Last November (2011), the average attendance for a TNA live event was 975. This year it is only 581, a 40.4% drop overall. WWE also saw a big drop in attendance in 2012 going down from 5,429 to 4,786, a 12% drop overall.
That's a huge drop even with a much better product. The only good news is WWEs attendance dropped as well. Hopefully there will be an upswing soon, I don't want TNA to be a casualty to poor attendance as they're really starting to get good.