WCW world championship wrestling
Based in Atlanta, Georgia, it began as a regional promotion affiliated with the National Wrestling Alliance (NWA), run by Jim Crockett Promotions until 1988, when Ted Turner and his Turner Broadcasting purchased the promotion, renaming it World Championship Wrestling. From 1995 onwards, WCW began to turn the corner economically, largely due to the promotion of Eric Bischoff to Executive Producer, the hiring of Hulk Hogan, the introduction of Nitro and the resultant Monday Night Wars, the nWo and other innovative concepts. However, numerous problems led to the company losing its lead. Its fall from grace has been heavily documented within the industry. The promotion was purchased in 2001 by former competitor Vince McMahon and the then-World Wrestling Federation (WWF), now World Wrestling Entertainment (WWE).