Execs at World Wrestling Entertainment on the defensive

|About: World Wrestling Entertain... (WWE)|By:, SA News Editor

Shares of World Wrestling Entertainment (WWE) are on watch after sinking over 40% in less than a week.

Execs were on the defensive this week on the impact of the company's shift from a pay-per-view business to a subscriber model.

CFO George Barrios said at a JPMorgan conference that the company is less than halfway to reaching its goal of 1.3M-1.4M subscribers for the WWE Network.

Meanwhile, CEO Vince McMahon looks to be trying to unwind some of the initial bravado over a deal with NBCUniversal with several law firms stirring things up for disgruntled shareholders.

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