1989–1994: Origins, founding, and NWA membership Based in the working-class city of Philadelphia, ECW had its origins in 1989 under the banner Tri-State Wrestling Alliance (TWA) owned by
Joel Goodhart. In 1992, Goodhart sold his share of the company to his partner,
Tod Gordon, who created his own promotion from TWA's remnants,
Eastern Championship Wrestling (ECW). When Eastern Championship Wrestling was founded, it was not a member of the
National Wrestling Alliance (NWA), though it joined the alliance on September 3 1993 at the behest of its lead booker
"Hot Stuff" Eddie Gilbert. Gilbert, through his position as lead booker of ECW, managed to secure television time on
SportsChannel Philadelphia starting in April 1993. Gilbert, after a falling out with Tod Gordon, was replaced in September 1993 by then-28-year-old businessman
Paul Heyman. Heyman, known in professional wrestling as Paul E. Dangerously, had just been fired by
World Championship Wrestling (WCW) and was looking for a new challenge. Gordon and Heyman had lost faith in the NWA to provide any value to them as wrestling promoters. Additionally, instead of offering cooperation and mutual support, other member promotions of the NWA were undermining ECW's business with underhanded tactics, something Gordon and Heyman wanted revenge for. Gordon made the following announcement on the next edition of ECW programming: Douglas' metaphorical and literal casting down of the NWA and Gordon's subsequent renaming of the promotion were later considered the definitive beginning of Extreme Championship Wrestling as not just an independent promotion, but a prominent player in American professional wrestling.
Gaining access to pay-per-view broadcasting appears with ECW security guard Ronnie Lang in 1998 After approximately 18 months of negotiating with
pay-per-view providers, ECW broadcast their first pay-per-view (PPV) wrestling card,
Barely Legal, on April 13, 1997, highlighted by
Terry Funk defeating
Raven to win the ECW World Heavyweight Championship. In June 1997, the company's
Wrestlepalooza '97 event featured Raven's final ECW match before leaving for WCW. In this match, Tommy Dreamer finally beat Raven, his longtime nemesis. However, within weeks of debuting on TNN ECW was raided by the WWF, who hired away reigning ECW World Champion Taz as well reigning ECW Tag-team Champions the Dudley Boyz. Furthermore, in April 2000 reigning
ECW World Heavyweight Champion Mike Awesome jumped ship to WCW in a move completely unforeseen by ECW. It has been suggested that Awesome refused to sign a new contract with ECW until Paul Heyman paid him overdue wages. There were rumors that WCW Executive Vice-President Eric Bischoff wanted Awesome to drop the ECW World Championship belt in the trash can on television, as had been done previously with the
WWF Women's title by
Madusa when she jumped from the WWF to WCW. After Paul Heyman filed an injunction, WCW refrained from having Awesome appear on
Nitro with the belt, but did acknowledge him as the champion. Eventually, a compromise was reached. Awesome (a WCW employee and the reigning ECW World Heavyweight champion) appeared at an April 13, 2000, ECW event in
Indianapolis, Indiana, where he lost the title to Taz (who was working for the World Wrestling Federation). Taz would then lose the title to Tommy Dreamer at
CyberSlam 2000 to return the title to ECW's possession, ending what is considered to have been one of the more peculiar arrangements in professional wrestling history.
2000–2001: Cancellation of ECW on TNN and collapse By October 2000,
ECW on TNN was cancelled (with the final episode airing on October 6, 2000) in favor of
WWF Raw is War moving to TNN. Paul Heyman stated he believed that the inability to land another national television deal was the cause of ECW's demise. ECW struggled for months after the cancellation, trying to secure a new national television deal. On December 30, 2000,
ECW Hardcore TV aired for the last time and the January 7, 2001, broadcast of
Guilty as Charged was ECW's last PPV. ECW's January 13, 2001 show in Pine Bluff, Arkansas would prove to be its final event of any kind.
Living Dangerously was scheduled to air on March 11, 2001, but because of financial trouble it was canceled in February. Heyman could not get out of financial trouble; the PPV distributors would not pay the money that was owed to ECW due to Heyman still not being able to sign with a TV network. Consequently, ECW closed on April 4, 2001. ECW was listed as having assets totalling
$1,385,500. Included in that number was $860,000 in accounts receivable owed to ECW by
In Demand Network (PPV),
Acclaim (
video games) and Original San Francisco Toy Company (
action figures). The balance of the assets were the video tape library ($500,000), a 1998
Ford truck ($19,500) and the remaining inventory of merchandise ($4). The liabilities of ECW totalled $8,881,435.17. Wrestlers and talent were listed, with amounts owed ranging from $2 for Sabu and
Steve Corino to hundreds, and in some cases, thousands of dollars. The highest amounts owed to talents were
Rob Van Dam ($150,000), Tommy Dreamer ($100,000), World Wrestling Entertainment Inc. purchased ECW's assets from HHG Corporation in court, acquiring the rights to ECW's video library. HHG would nominally remain active until it became defunct on January 31, 2007. ==Reunions and revivals==