WWE stock taking a beating today

WWE stock continues to take a beating after yesterday’s announcement that they would be staying with NBC Universal. The reason for the drop is because while the company did get an increase in their television rights, they were not able to double their rights as projected. There were people thinking they’d double or triple their rights fees.

While an official number has not been released, it is believed that WWE was able to get a deal in the $160 million dollar range.

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