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World Championship Wrestling (WCW) was an American professional wrestling promotion founded by Ted Turner in 1988, after Turner Broadcasting System, through a subsidiary named Universal Wrestling Corporation, purchased the assets of National Wrestling Alliance (NWA) territory Jim Crockett Promotions (JCP) (which had aired its programming on TBS).
World Championship Wrestling (WCW) was an American professional wrestling promotion that existed from 1988 to 2001. It began as a promotion affiliated with the National Wrestling Alliance (NWA) that appeared on the national scene under the ownership of media mogul Ted Turner and based in Atlanta, Georgia.
In 1988, Turner purchased Jim Crockett Promotions which he renamed World Championship Wrestling (WCW) which became the main competitor to Vince McMahon's World Wrestling Federation (WWF). This rivalry became known as the Monday Night War , and would last throughout the 1990s.
Crockett, who had just bought out Championship Wrestling from Georgia, bought the World Championship Wrestling program from McMahon for $1 million and returned NWA programming to WTBS. This promotion would eventually become World Championship Wrestling (WCW) when Turner bought the promotion from Crockett in 1988 and later withdrew it from the NWA.
The WCW World Heavyweight Championship was a professional wrestling world heavyweight championship and its lineage began when Ted Turner purchased Jim Crockett Promotions (JCP), which used the National Wrestling Alliance (NWA) alliance name. Turner's organization was renamed World Championship Wrestling (WCW) and split from the NWA in 1991. [1]
Some of the more well-known promotions, including JCP and Championship Wrestling from Florida, were affected. These fans turned to WTBS, where station founder Ted Turner had launched World Championship Wrestling (WCW). In most of these areas, WWF shows were not financially successful until 1997–98.
SuperStation TBS's parent company, Turner Broadcasting System, had asked Georgia Championship Wrestling to change its public brand name to World Championship Wrestling, helping fuel rumors that the Jim Barnett-controlled company would go national itself; GCW acquiesced to the World Championship Wrestling name change in 1982. [8]
As a result, he was forced to sell his company to Turner, through a subsidiary named Universal Wrestling Corporation, who wanted to retain the steady, strong ratings of the JCP wrestling programs. Turner named the company World Championship Wrestling (WCW) after the flagship television show; it remained affiliated with the NWA until 1993.