SBD/Weekend Rap

WWE To Discuss Business Outlook After Seeing Shares Plummet

After seeing its shares tumble 44% on Friday, WWE tomorrow "will host a conference call" to discuss its '14 and '15 business outlook (CABLEFAX DAILY, 5/19). The stock drop came after WWE Chair & CEO Vince McMahon "failed in a high-stakes effort to wring a huge increase in television fees it receives from Comcast Corp.'s NBCUniversal -- part of an effort to boost the company's stagnant revenues and declining profits" (WALL STREET JOURNAL, 5/17). McMahon lost $350M "when the stock market closed Friday," knocking him "out of the ranks of the world's billionaires" (PHILLY.com, 5/17).
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