>>6849578It's wrong.
It's wrong for the same reason that every "WCW analysis" is wrong - it doesn't understand the facts behind how AOL/Time Warner was ran.
WCW never lost $80m in a year. What happened is that Time Warner had a separate business unit who dealt with all of the finances for the business units in the company and essentially could move money wherever it wanted to support the revenue growth of its newer products. WCW fell out of favor with the executives (even more than normal) and as such, WCW was used as a dumping ground for losses from other units. Even during its worse days, the major stars weren't on the WCW payroll and they were still doing good business on TV and PPV. Not as good as it was, but good. You don't get a near $300m revenue change in a year to eighteen months with no significant increases to the cost base or significant drops in any revenue streams without some fuckery going on. The report from pre-Bischoff Presidents where they believed themselves doing great business and had a good buy rate then being told that they made $1,000 on a PPV was really a thing.
In reality, we don't know the finances for WCW but they were probably pretty strong throughout. It would be nice if someone could find the bodies so to speak and expose this as it was actually massive fraud due to bonuses being paid on EBITDA rises that were entirely fabricated by the Turner accounting team who had a "revenue must grow no matter what" philosophy, but finding who to sue now is almost pointless.
