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The rating war was part of a larger overall struggle between the two companies, originating in personal animosity between WWF owner Vince Mc Mahon and then-owner of WCW, Ted Turner.The rivalry between the companies steadily escalated throughout the 1990s to include the use of cutthroat tactics and the defections of employees between the two companies.Goldberg quickly rose to stardom within the organization and became a crossover star similar to the WWF's performers, with appearances in commercials and music videos.However, a controversial backstage decision to end Goldberg's winning streak, followed quickly by an anticlimactic match involving Kevin Nash and Hollywood Hogan – now known as the Fingerpoke of Doom – effectively killed the company's credibility in the eyes of many of its diehard fans, and the company was never able to recreate the initial level of popularity they would have enjoyed in the middle of the decade.The shift in programming helped lead the company to achieve mainstream success similar to the 1980s professional wrestling boom.Concurrently, many WWF performers became crossover successes: During this period The Rock would become very popular and then would embark on a successful acting career, while Mick Foley published a New York Times-bestselling autobiography; Stone Cold Steve Austin quickly became the company's most popular star and the company's flagship performer, and would be featured in mainstream media all over America and made guest appearances on a variety of television shows, from Nash Bridges to Dilbert.Many have come to regard the end of the wars – and, in particular, the subsequent WWE storyline regarding the acquisition of WCW – as marking a severe decline in the quality of modern wrestling programming.
WCW ultimately ran into financial difficulties as a result of the amount of money they had promised wrestlers during a hiring binge in the early and middle part of the decade, which had been aimed at acquiring large portions of the WWF's talent roster.
When Atlanta TV station WTCG (later WTBS) became a superstation in the late 1970s, its Georgia Championship Wrestling (GCW) program reached a national audience.
This bucked the then-accepted organization of professional wrestling federations, which were organized according to a patchwork of territorial promotions aimed at—and broadcast to—local audiences, without a centralized, national promotion.
Despite efforts to salvage the federation, it was ultimately sold to Vince Mc Mahon, ending the Monday Night Wars.
In retrospect, wrestling commentators have come to see the era of the Monday Night Wars as a golden age of wrestling, with the feud between the two companies bringing out their best quality product both in terms of creativity and the performances of their wrestlers.
Shows were taped before a small (yet enthusiastic), live, in-studio audience, as were most professional wrestling TV shows of that era.