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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.

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.

Notably, as of 2017, no other company has ever emerged as a viable competitor to WWE since the acquisition of WCW, and WWE itself has never again enjoyed the same level of mainstream success that it did during the Wars.

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 wars ended with the sale of WCW's assets by its parent company, AOL Time Warner, to the WWF.

During the initial cable television boom of the early 1980s, many programmers turned to professional wrestling as a means to fill out their schedules, as it was relatively inexpensive to produce but drew high ratings.

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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.The Monday Night War(s) is the common term describing the period of mainstream televised American professional wrestling from September 4, 1995, to March 26, 2001.During this time, the World Wrestling Federation's (WWF, now WWE) Monday Night Raw went head-to-head with World Championship Wrestling's (WCW) Monday Nitro in a battle for Nielsen ratings each week.At the time, GCW was affiliated with what had been the world's top sanctioning body of championship titles for decades before, the National Wrestling Alliance (NWA).

The company's TV show, hosted by Gordon Solie, was recorded in one of WTBS' studios at 1050 Techwood Drive, in downtown Atlanta.

GCW's show, which aired on Saturday evenings, was complemented by a Sunday evening edition.