– United States Senate candidate Linda McMahon has officially endorsed Rebpulican candidate Mitt Romney for the 2012 Presidential election. For more on Linda’s endorsement of Romney, check out Politico.com.
– At Thursday’s WWE Investor conference call, it was announced that revenues from WWE Studios plummeted a staggering 51% during the third quarter of 2011. Vince McMahon stated on Thursday that WWE plans to “monitor and refine to improve future performance.” Â WWE plans to release three films already wrapped over the next six months.
Entertainment publication Variety has an article up looking WWE’s struggling film division, which you can read here.
– CTPost.com has an article up looking at the strong performance of WWE’s stock on Thursday despite the company’s Q3 earnings dropping to $10.6 million, down from $14.3 million last year. CTPost wrote:
“Stamford-based WWE reported earnings Thursday and saw shares up 3.4 percent to $10.66 on the New York Stock Exchange. The wrestling entertainment company said earnings fell to $10.6 million, or 14 cents per share in the third quarter, from $14.3 million, or 19 cents a share, over the same period last year.”
“WWE’s film business was a drag on earnings again, but revenue from live and televised events rose nearly $5 million to $78.1 million in the quarter.”
