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WWE Shares Plummet Following New WWE Television Deal
Posted By: Ben Kerin on May 15, 2014
WWE shares plummeted over 20% to just over $15 per share on Thursday following the announcement that WWE has finally announced a new multi-year television deal with NBCUniversal that will keep RAW, SmackDown and Total Divas on USA, SyFy and E!,
Despite assurances, no financial terms were disclosed during the announcement which lead to the share plunge. WWE Chairman Vince McMahon has told investors that WWE expects to “double or triple” their TV rights fees from the current $140 million.
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