Playing Backstage Politics
Join Date: Jul 2011
Location: Far Away From Uncle Ole
Re: WCW Profits
From a review I'm reading on the book "The Death Of WCW", by 1996, they had finally began to turn a profit for the first time in it's history, allowing them to move Nitro to 2 hours and sign Hall and Nash. I don't know how things went wrong, the Time Warner merger. Although '96 gave them a profit, it also started the outrageous contracts WCW guys were getting. I also read something about 1989 being a big turn around year for WCW, right after Ted bought the company.
And I don't know how to answer the second question. Technically, WCW was number 1, money wise. Ted owned WCW, Vince owned WWE. It's all about the money you have that you can put into your company and Ted had more, regardless of his other ventures.