WWE’s stock reached an all-time high today, shooting up over 15% on the day to $51.33 a share after reports about their TV network situation yesterday.
The Hollywood Reporter said yesterday that USA Network is expected to pay about three times the current value for Raw as they negotiate a new deal, and that the deal will be so expensive that they’re only expected to try to keep Raw and will let SmackDown Live be picked up by another network (with FOX being the apparent front runner).
WWE’s contract with NBCU/USA Network expires on September 30, 2019, but WWE reportedly hopes to reach a new deal this year, between May and September.
WWE NXT Notes: Corey Graves Fills In For Booker T, Tavion Heights vs. Myles Borne for NXT North American Title and Saqon Shugars vs. Dion Lennox Matches Set for NXT Great American Bash 2026, Izzi Dame & Arianna Grace Advances in WWE Speed Women’s #1 Contender Tournament, 6/23 Card
John Cena on Him Hoping Fans Eventually Forget About Him and Focus on WWE’s Newer Stars & Eric Andre’s Reaction To Being Attacked By Jacob Fatu at 6/15 WWE RAW Show
WWE: Backstage Update on Chad Gable’s Post-El Grande Americano Push Plans, WWE Reportedly Has No Plans For Event at White House, Danhausen Reportedly Did Not Attend New York Knicks NBA Title Celebration Parade, 7/18 WWE Saturday Night’s Main Event Poster Released
