I disagree. It's 12 years later, it could have been turned around by now. They would have tried several different management styles, and something could have stuck. They would still be bigger than TNA and atleast have history behind them.
Vince almost lost WWF in the mid 90s too and it didn't take that long to change, all it took was competition, which we sadly lack now. And WCW was only bad for like 2 years tops at that point