WWE Gets Positive News After Conference Call

Thanks to Adam for the following:

With their latest quarterly results coming out, WWE recieved a lot of media coverage, mostly mildly positive.

Over at CBS CBS Marketwatch, it notes that while there was a slump in live-event and television revenues, WWE had higher sales in merchandise.

The positive outlook led to the McMahons getting more money out of their WWE stock, according to the AP Yahoo, as WWE decided to double its dividend and will pay 24cents on Jan 10 for anyone hastheir stock on Dec 31. Vince even has a quote saying "future earnings growth
and thoughtful capital deployment will allow (World Wrestling) to pay this high level of dividend for the foreseeable future."

Reuters that revenues for WWE for the quarter were $88.9 million, a net increase of 11.7 million from the previous year.

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