The WWE posted strong fourth quarter earnings as revenue increased 21% to $658.8 million, the highest in Company’s history. However, that was not enough for investors as the stock was downgraded a day after the earnings announcement. The WWE reported a net loss of $1.2M adjusted for non-recurring costs which equated to a profit of […]
WWE Network
ESPN covers Summerslam Sunday
While there is a Sunday night UFC Fight Night from Saskatoon, Canada airing on FS1 DSunday night, the event might be overshadowed by WWE’s Summerslam which will air at the same time as the live MMA event on the WWE Network and through PPV. The WWE has received support in promoting this event from ESPN […]
WWE reports 2nd quarter earnings
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 […]
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 […]
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 […]