There were many factors that contributed to the demise of WCW. Fans will remember the misleading booking decisions, the bag of potato chips on a pole match, and even the C-list celebrities that held the companys title, but one event more than all others led to the company going under. That would of course be the company being unable to secure a television deal in 2001. Many fans are unaware of the fact that WCW almost remained alive even though business had declined and the WWF was undoubtedly the premiere professional wrestling company at the time. Shortly before the company was sold to Vince McMahon, Eric Bischoff had lined up a group of investors to purchase the company. The deal, however, was contingent upon Nitro remaining on TNT and the companys other television show, Thunder, staying on TBS. That would not be the case though, as the new CEO of Turner Broadcasting decided to drop all WCW programming, forcing Bischoff and his group of investors to back out, and ultimately representing the final straw that broke WCWs back by allowing rival Vince McMahon to purchase the company and end the Monday night wars.
Michael Hicks is a writer originally from Pittsburgh, PA. He has written for a number of websites about subjects ranging from professional wrestling to raw denim.
