Why WCW went out of business.

[JT]

Originally Posted by Purgatory AOL kinda pulled the rug from under their feet when they bought TimeWarner, as that led to WCW losing TV braodcasting. Things started looking up when Fuscient Media/w Eric Bischoff had offered to buy out WCW and keep the promotion running, but a major player behind Fuscient had decided to pull out of the deal, thus putting the final nail in WCW's coffin. WWE bought the brand for $2.0 million, or something. Either way, it was a really shitty way to go. I used to love WCW.

Well to dig a little further on the MNW DVD comments, Bischoff's backer who left was Hulk Hogan, correct? I remember reading about Hogan in the deal then leaving back in 2001