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July 1992: WCW promotes Jim Ross to head talent relations and booking in the company. Jim Ross would also take over from Schiavone as main play-by-play commentator (as liason officor for tv production). One of the first things JR would do is hire Jim Cornette as head advisor for booking and talent relations, Cornette would retain his position in Smokey Mountain Wrestling for the time being. Bill Shaw would also take over as head of financials for WCW. Jim Ross would also hire Jerry 'The King' Lawler as a part time wrestler as well as be a colour commentator.