Wcw was around for a pretty long time like 10-11 years. And hogan was part of wcw since 93 or 94 . i rmeber reading in e magazine where they list tv ratings nitro beat raw.
The wwe is no suffering because there making the same mistakes wcw made. There buying name brand wrestlers instead of developing there own from no names. the last time wwe was this deep in shit was 92-94. When vince was being investigated for steroids, hogan,savage left to wcw , ultimate warrior got fired due to the steroid scandel.
So howd they fix it they brought in no names and developed them guys like the rock,stev austin was a shitty no name in wcw before coming to wwe, triple h etc they developed there own guy they need to do that again. One of the most popular wrestlers now is brock lesnar and he was a pet project.