"First Take" is the name of a show on ESPN where Skip Bayless (Originally), Stephen A. Smith, and Max Kellerman give their takes on sports topics, often intentionally bad takes to incite the audience or their opponent, who is given an opportunity to insult the other person's take to their face and give their own take. There is a "mediator" that controls the flow of discussion.
Imagine if WWE did this style show on the Network (Which is kind of like "Bring it to the Table" but that's more like PTI) where Vince Russo and Jim Cornette did a live unedited 90-minute show once a month where they debate the hot topics in wrestling, including WWE stuff but also anything affiliated, so they could talk about Progress or ICW when those companies officially start on the Network.