Well after Shane McMahoan "purchased" WCW it was decided that WCW would be a seprate company. Shane McMahoan doesnt own WCW, WWFE owns WCW so Shane owns part of WCW but will run WCW for the company.
WWFE has been tryin to get WCW a television show on The National Network (TNN) however TNN only would give WWFE a 11pm est time slot on saturday nights. WWFE is unhappy with how TNN, has been failing to give the WWFE a better time slot. The major rumour right now is to have WCW broadcast a live show on Monday nights at 9 pm est.
Where would the WWF go? The WWFE will make Smackdown a live show Thursdays on UPN. The reason why WWFE might do this is because wrestlings popularity is slipin with ratings in the 3.2 to 4.0 range. 2 years ago the ratings were in the 6.0 to 7.2 range.
When will all of this take place? Well it will start tommorow at the WWF's pay-per-view King of the Ring. Expect more WCW stars interfering Sunday night and on Raw is war and Smackdown in the coming weeks, all leading to the July pay-per-view WWF Invasion.