SBD/Closing Bell

Traders Bodyslam WWE Shares Over New TV Deal With NBCU

Shares of WWE were "getting bladed" Friday after the company "updated its financial outlook" and announced the terms of its new TV deal with NBCU. WWE expects to see a $90M annual revenue increase from its prior deal, but that figure is "nowhere near the five or six fold increase investors had been hoping for" when talks began last winter (YAHOO.com, 5/16). At presstime, shares of WWE were trading at $11.23 per share, down 44% from the close of business yesterday (THE DAILY).
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