According to Variety, WWE is finalizing a deal that will keep its flagship Raw and SmackDown shows on the USA Network and Syfy. The companies haven't signed a new contract yet, but the publication's sources said the signing "should be completed shortly."
The current deal between WWE and NBCUniversal will expire at the end of September.
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TheStreet Ratings team rates WORLD WRESTLING ENTMT INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate WORLD WRESTLING ENTMT INC (WWE) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity."