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Around this time is also when Turner Broadcasting had been shopping the WCW and wanted the company gone. Little did we know at the time they wanted nothing to do with wrestling anymore and went as far to eliminate wrestling from their channels. Luckily for Paul he had one more option that was Fox; so Paul began talking with Arthur Smith who was the President of Fox Sports at the time. Fox wouldn’t offer Paul a viable timeslot that could help sustain the company for a long time, but they only offered Paul a half hour a week. One part that I forgot was that near the end Paul actually was looking for investors and went to Smashing Pumpkins front man Billy Corgan for an investment. However, Billy turned Paul down due to Paul asking for a 1 million dollar investment for only 10 percent of the company and Billy not thinking ECW was worth that at the time. It is interesting to think that Billy has had the bug to get into the wrestling business since the early part of the century.
One of the major reasons why ECW went out of business was due to the fact that money was being withheld by PPV Providers and Gaming Publisher. For the names of both companies and even more information on the matter you need to take a trip down memory lane and do your research. But the problem was that ECW never made a dime from the company published their video game. Also once they lost the TV provider their PPV provider began to withhold their profits from the show because the upper management in the PPV company felt it would be easier to pay less money later when the company was bankrupt rather paying a lot of money at the time and banking on them staying in business.