A lot of investors are probably wondering why World Wrestling Entertainment (NYSE:WWE) is staying the course with its new business model based on streaming video subscriptions.
The streaming video experiment called WWE Network hasn't done much for WWE's bottom line or financials so far. On Aug. 1, the venerable wrestling promotion announced that it was eliminating 7% of its workforce because of a $14.5 million net loss. The loss compares to a $5.2 million net profit WWE made last year before the WWE Network launched on Feb. 24, 2014.
Nor has the venture given a long0-term boost to WWE's share price. WWE was trading at $24.67 a share on Feb. 21, 2014, and $14.57 a share on August...
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