The WWE announced its second quarter earnings on Thursday and the numbers pleased many analysts. The WWE reported net income of $5.1 million ($0.07 per share) compared to a net loss of $14.5 million ($0.19 loss per share) in the second quarter last year. The WWE reported quarterly revenue of $150.2 million exceeding $1.5 million better than […]
pro wrestling
Hulk Hogan terminated by WWE after audio of racist rant surfaces
World Wrestling Entertainment has terminated the contract of Hall of Fame wrestler Hulk Hogan. The decision was made based on audio that surfaced from 8 years ago. Hogan has been wiped from the WWE web site and eliminated from his current position on the USA reality television series “Tough Enough.” The audio tapes relate to […]
Judge denies motion to dismiss in Punk libel lawsuit
The Washington Post reports that the lawsuit between WWE doctor Chris Amman and CM Punk and Colt Cabana will continue after a Cook County (IL) Circuit Court judge denied defendants’ motion to dismiss the case. As a result of the court’s denial to dismiss the case, CM Punk and Colt Cabana must answer Amann’s complaint […]
Estate of former WWE wrestler files head injury lawsuit
The estate of another former WWE wrestler has filed a lawsuit against the organization. The mother and son of Matt Osborne (aka “Matt Borne” and “Doink the Clown”) have filed a wrongful death lawsuit against the company for the alleged negligent and fraudulent mistreatment of Osborne while he was a wrestler with the company. The […]
The Wrestling Post – 06.02.15
Welcome back to another edition of The Wrestling Post. This time around we take at the WWE Network offering another free month and the uncertainty of the status of TNA Wrestling. WWE offers another free month on its Network With the success of recruiting and retaining more network subscribers through its “free” network months, the […]