TOP TEN: Biggest Moments Of The Monday Night Wars

 4. Shane/Vince McMahon Buys WCW

In January 2001, Fusient Media Ventures, led by Eric Bischoff, announced they had bought WCW. The deal was contingent on the Turner networks keeping Nitro on Monday and Thunder on TBS on Wednesday. When Jamie Kellner took over as CEO of Turner Broadcasting, he removed all WCW programming from the network. The WWF, the only company who would not need the television time slots Kellner had canceled, then made their offer. They paid around $3 million to acquire certain assets, including the trademarks, logos, and video library. On March 23, 2001, Vince McMahon officially purchased World Championship Wrestling.

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