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Originally Posted by Mr. Nerfect
That's not true though, lol. That's the Bischoff story he tells to make himself look like less of an idiot for devaluing their assets in record time. The fact that WCW was losing money is all that matters. They're not cutting "hillbilly wrestling" if it is making them all rich. WCW wasn't making them rich, thus it had the reputation it had.
When Vince McMahon shopped WCW to networks in 2001, under his umbrella, no one wanted it. Who would they have sold it to? Who was buying? I think you are misremembering. They were fucking dead. Don't let Bischoff fool you into thinking it was some big AOL/Time Warner conspiracy based around elitist tastes or anything, lol. He ran a once profitable promotion into the ground with incompetent decisions.
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Lol no, that is public filings. Bischoff and ESPN Classic were the buyers with the current TV contracts. That deal fell through cause they didn't want wrestling on their network, thus no tv contracts.
That is not just Bischoffs story, that is what happened. Also, WCW lost money it's entire existence save for 3 or 4 years when Bischoff ran it.
Yes the bottom fell out, but that happened at the very end of Bischoffs run in 1999. 2000 and 2001 when they were losing Millions of dollars, Bischoff was in charge of nothing, he was a consultant mostly working with Hogan, and an on air talent.