World Wrestling +3% on earnings beat, job cuts

World Wrestling Entertainment (WWE +3.2%) is an unusual gainer in an otherwise down day, after reporting a smaller than expected Q2 loss and announcing a 10-year deal with Rogers Media to be the exclusive distribution partner of all WWE pay-per-view events throughout Canada.

The company plans to get its WWE Network to 1.4M subscribers; almost twice the number it had at the end of Q2; to achieve that, it announces new pricing options and plans to cut its workforce by 7%.

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Comments (1)
  • Steve Simpson Smith
    , contributor
    Comments (9) | Send Message
    BAD performance by HHH and V. McMahon
    1 Aug 2014, 04:05 AM Reply Like
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