Jim Cornette's Smoky Mountain Wrestling promotion closes up shop after just four years of existence. The promotion gained a big following in its early days due to its traditional Southern-style wrestling. They had crowds averaging between 1,000 and 5,000 fans in its heyday. However, in their dying days, they averaged only 200-300 fans night. The final nail in the coffin came in August when main financial backer, Rick Rubin of Def American Records, pulled his funding from the promotion. Cornette revitalized the career of The Rock 'N' Roll Express down in SMW. Cornette inked a talent exchange between SMW and the WWF.
Randy Savage wins the inaugural World War 3 Battle Royal at the inaugural World War 3 PPV to win the vacant WCW World Heavyweight Championship in a controversial finish. The original plan was for Sting to win the title, but just before the match, Hogan exercised his booking power and creative control to change the finish to have Savage win the belt. Could there be a possible Hogan vs. Savage match at Starrcade? World War 3 drew an awful 0.43 buy rate.
WCW signs ECW/AAA's Konnan and he will wrestle starting in January.
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