bischoff turned WCW's business around before there even was an NWO.
I think Hogan & bischoff either sabotaged TNA purposely or they were legitimately stuck in the past trying to recreate the "wcw going mainstream" formula, which worked because WCW was already a big company, and not an upstart like TNA.
Hoegan was getting booed out the building as a face in WCW before the NWO angle, without the Kliq showing up WCW would've been dead long before it did