Chris Cash of spoke with Eric Bischoff about the rumors of starting a new wrestling promotion. Bischoff confirmed that he, Jason Hervey, and Hulk Hogan are speaking with CMT and several other companies/networks about creating a wrestling promotion.

He said it's untrue that the promotion would be focused around Hulk Hogan and Bill Goldberg, and added that Goldberg was nice enough to help with the celebrity show, but is not in the plans to join his company. Bischoff is not interested in starting a wrestling promotion that would fall into the "WWE lite" category. He said at least a dozen people have contacted him about starting a new company, but unless there's an innovative approach and a significant amount of money to start it up, he doesn't want to do it.

"Hulk Hogan's Celebrity Championship Wrestling" is simply the first step in many steps toward the possibility of a more traditional wrestling company sometime in the future. The idea is to attract both a wrestling audience and a "reality television" audience without offending one or the other." Bischoff said.