The Hollywood Reporter story regarding WWE Raw staying on USA Network and Smackdown Live being shopped around to another network has been great news for the WWE stock value.
As of 2 pm eastern, the stock price was at $49.74. That is up almost 15 percent from Wednesday evening when the news broke.
For those of you that missed it, the story that was reported by The Hollywood Reporter states that NBCUniversal wants to keep Raw for nearly 3-times the amount that WWE is currently getting for their programming. WWE is said to be shopping Smackdown Live to other networks. Fox is said to still be very interested in getting WWE, which could mean that Smackdown Live would land on Fox Sports 1 on Tuesday nights.
At this point, no deal has been signed for Raw so it’s still possible that Fox could come back with a better deal and Raw could end up on broadcast TV on Monday nights. If that happens then the show would likely be cut down to 2 hours.
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