On the September 2, 1992 "", Steamboat defeated "Stunning" Steve Austin to win his first Television Championship under the WCW banner. He lost the title to Scott Steiner at a television taping on September 29. He however, won both his first NWA World Tag Team Championship (unrecognized by NWA) and his second WCW World Tag Team Title with Shane Douglas (NWA and WCW titles were unified) on the November 18 "Clash of the Champions XXI" by defeating Barry Windham and Dustin Rhodes. On the March 27, 1993 edition of "Power Hour", they lost the NWA and WCW titles to the Hollywood Blonds (Brian Pillman and Steve Austin). On the August 18 "Clash of the Champions XXIV", he defeated Paul Orndorff to win his second and final WCW World Television Championship. In September 1993, at Fall Brawl, Steamboat's TV title reign was ended when he lost to Lord Steven Regal. At Starrcade, the two fought in a rematch for the title which resulted in a time-limit draw.