September 30, 1999 Wrestling Observer Newsletter: WCW facing an uphill battle, ECW Anarchy Rulz review, more
Whomever winds up in charge of WCW is facing an uphill battle. Largely, of trying to get a snowball gathering momentum as it has picked up speed for more than a year rolling down a hill, to reverse its position and almost magically roll upwards.
To understand that analogy is to understand just how deep the problems are. This is not just a situation where a business had a great year, set an expense budget based on that year, and suddenly business was way down and the budget is starting to bleed red ink. This is an entertainment business that is hot as hell when it’s the in thing, and when it isn’t….well, it can survive at a certain level, but since expenses are way above that level, short-term, things don’t look good. And if things continue unchanged in the same basic direction without improvements, six months from now, they won’t be able to give those tickets away. More important, it is one thing for wrestling go down because the peak has hit, for overexposure reasons, etc.
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Dave Meltzer is the founder and lead writer on the Wrestling Observer Newsletter, the weekly constant when it comes to news and reviews in pro wrestling and mixed martial arts for more than 40 years. Dave also co-hosts Wrestling Observer Radio with Bryan Alvarez and had had bylines for The National, Yahoo Sports, MMA Fighting and others.