Professional Wrestling itself is almost always this trope, excluding the periodic boom periods note The mid-'80s, for example, brought us Hulk Hogan and the Rock & Wrestling era, and the late '90s and early 2000s brought us the Monday Night Wars. where it becomes okay to admit that you're a wrestling fan without getting called a redneck. Of course, even when wrestling is on the low, wrestling companies still tend to be relatively successful. Fans cry that the end is coming far too often however.
WCW. Once a dangerous threat to the WWE, it quickly fell apart due to catastrophic mismanagement, eventually being bought out by its arch-rival for scraps, and its disastrous final years are what many wrestling fans today think of when they hear the promotion mentioned.
The Monday Night Wars put an end to shows made entirely of Squash Matches. Once shows presented quality matches on free tv, fans of either company wouldn't settle for anything else. While some may have a squash match or two to debut a new wrestler or for a joke match, a show consisting entirely of them will suffer in the ratings. And if you're a younger wrestling fan (say, ages 10 to 30), you might not even be aware these shows ever existed.
The rise of cable television (such as TBS and the USA Network) and the World Wrestling Federation's successful national expansion (and to a lesser extent, Jim Crockett Promotions/World Championship Wrestling once Ted Turner came into the picture) in the 1980s, all but put an end to the concept of territorial wrestling promotions.
Organic tag teams are in a severe dry spell. Tag teams that consist of people hired together specifically to be a tag team, often two people who are related (the Hardy Boyz, the Steiner Brothers) or good friends who have wrestled together for years (the Dudley Boyz, Edge and Christian) are increasingly the minority. Strangely enough, the majority of the blame can be placed on Shawn Michaels of all people. When the Rockers were split up, he went on to become easily one of the biggest wrestling superstars of the past 20 years. The big companies saw a massive star rise where a tag team fell, and have systematically broken up every organic tag team they have in the hopes of making lightning strike twice (and because "brother against brother" is such easy drama, the storyline writes itself). The tag team division is kept afloat by throwing together two random singles wrestlers together, and since WWE doesn't seem to think too highly of tag team wrestling it the first place, this doesn't appear to be changing any time soon.
It should be noted that this wasn't originally supposed to happen. Both Michaels and his partner, Marty Jannetty, were supposed to become stars, being considered equals in charisma and in-ring talent. Unfortunately, Jannetty's partying lifestyle caught up with him and he never got over. The fact that "The Shawn Michaels Effect" has occurred so often with these tag teams is the main reason why organic tag teams are in a dry spell. The Hardy Boyz, Edge and Christian (though that's arguably a subversion seeing as while Edge is the bigger star, Christian has won more independent titles and achieved what Edge was never able to do — become a Grand Slam Champion), even the Dudley Boyz have all had this happen in some shape or form and a bonafide star was made with one of them. Let's face it; the moment it became clear that Shawn was gonna go farther than Jannetty, the devaluing of tag team wrestling was all but inevitable.