October 6, 2015 Wrestling Observer Newsletter: Analysis of Bischoff Network interview, Jones plea and tons more.
With the exception of Vince McMahon, and perhaps Hulk Hogan, there is nobody whose role in pro wrestling is more pivotal to what the business is today than Eric Bischoff.
Even though he last ran WCW in 1999, and left the promotion a second time in 2000 after being brought back, his influence is felt and quite frankly, may be felt forever.
On the positive, pro wrestling was a struggling industry in 1995 when a brief discussion between Bischoff and Ted Turner led to the creation of Monday Nitro and the Monday Night Wars. WWF was at its lowest point of popularity, unable to follow the 1984 to 1991 success built around Hulk Hogan. The American business was weak. Television numbers weren’t good. Revenues were way down from prior years. They were a much smaller company than today and losing several million dollars per year, a pace they couldn’t continue at much longer.
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