So I have some theories, especially about Mike and Tenna.

Mike's Story

Mike! He was the host of Multiple shows and regarded as the Leader of Cathode's Crew, he was great Friends with Spamton and even Aired his Commercials for free! Until...

Tenna's Story

Anne Tenna was a member of the Cathode's Crew, the Antenna of the TV. She was very jealous of Mike being the "TV star". So She Decides to use her Antenna Powers to Hijack All of Mike's Shows. Next thing you know, Mike is Gone from TV and into the Great Static ( A place of Lost Shows in the Dark World) and Tenna has Taken his place. This became known as "The Antenna Hijacking of 1997"

More of Mike

As Mike was lost in the Great Static, Spamton was still able to Communicate by Phone to Mike. And he discovered Mike Could be freed with a Soul. As Spamton Described it "Pull the Strings and make them Ring until the Heart turns Red". Soon after Mike was lost to time and his final message to Spamton was "I think it's coming for me answer the phone, I can't Explain until you're all alone!". Spamton became insane without Mike and Repeated these phrase to himself hundreds of times. His buisness failed and he Took on Mike's Style of a Big Grin and Yellow/Pink Glasses.

End of Chapter 2

When Kris Opened the fountain at the end of Chapter 2. The TV was turned back on and Mike was Saved from [REDACTED]. And Noticed the Soul! The Grin on his face was so wide it could be seen from the TV. Mike could save himself and Spamton!

I think Mike could be the Final Boss in a Weird Route and the Secret boss in Neutral like Spamton Neo!

When Chapter 3 Releases I will come back and evaluate my accuracy!