I have said a couple times now that today's WWE can, in many ways, be compared to WCW. It isn't even funny. To be specific, I view today's WWE as a cross between WCW and Ring of Honor.
But let's look at some of the similarities:
1) In WCW, Bischoff focused only on the Main Event when putting cards together, and essentially told his audience (indirectly) that "only the Main Event matters", while the rest was filler. In WWE today, Vince focuses only on the Main Event and essentially tells his audience that "only the Main Event matters", while the rest of the card is filler.
This is completely opposite of the Vince McMahon of old, who used to do an outstanding job building up the entire card of any show he produced. And WCW also had a problem in creating new Main Event stars because of this philosophy. And low and behold, WWE is having difficulty in creating new stars because of this philosophy.
2) To compliment #1, in WCW, they often waited until the very last minute to announce the entire PPV card for their shows. WWE used to have all cards pretty much finalized with the final matches at least 2 weeks in advance. Now, there are many times when Vince will wait until the very last week, and sometimes even wait and finalize his cards on WWE.com, hours before the PPV's.
3) Also complimenting #1, in WCW, Bischoff destroyed his Tag Team Division. In WWE, Vince has destroyed his Tag Team Division, as he doesn't feel Tag Teams sell.
4) In WCW, Eric Bischoff eliminated Face/Heel broadcast teams. When Bobby Heenan went to WCW, he is on record in later shoot interviews with Bischoff telling him that he no longer wanted Heenan to be "The Brain". Instead, he wanted Heenan to be like "John Madden" and simply put over the action. So at one point, WCW had literally no Heel announcers. Same with WWE today.
Overall, WCW's announcers were pretty bland, who simply focused on calling the action, or simply providing background into the matches. Today, WWE's announcers are bland, stale, and boring. But, make no mistake about it, that is the exactly the way Vince wants them to announce.
5) In WCW, often times their scripts would literally be finished right before the show started ... and often times, the shows would go on the air, without the script even being finished. In WWE, there are many times where the script does not get finished right up before the show starts, due to Vince McMahon constantly demanding things to be re-written.
Ironically enough, I found this statement from The Observer (interesting wording on Meltzer's part) -
There was "Nitro-like" vibe at the SmackDown/ECW tapings as the script for the show wasn't finalized until just before the show was about to go on the air. During the Nitro days, there were times when the show would start without the script being finished.
6) WCW typically featured awful storylines with very little thought and creativity put into them. In WWE, Vince has nearly eliminated storylines altogether, in favor of simply having two talents compete over the title, or #1 Contendership for a Title ... but the few storylines he does do anymore, are typically awful, and have very little effort put into them.
7) When WCW was up against WWE, WCW was the Family Friendly, PG organization. Today, WWE is the Family Friendly, PG organization.
8) Eric Bischoff made ratings the primary focus for measuring his product. Today, Vince McMahon makes ratings the primary focus for measuring his product.
9) In WCW, it was reported that they did not do very much long-term planning at all, while WWE used to plan things out tentatively for approximately 6 months. Today, WWE also does very little long-term planning with their product, as well. And that much is evident just from watching it.
There are a striking amount of similarities between today's WWE and WCW. For all the years Vince despised WCW, I never knew he secretly wanted his company to actually become like WCW.