Investors put a suplex on WWE

Investor's Business Daily

Shares of World Wrestling Entertainment (WWE) plummeted as much as 47% Fri. as investors reacted to an earnings update and broadcast deal with Comcast's (CMCSA) NBCUniversal. WWE is trying to switch from pay-per-view shows to broadcast deals, as well as its $9.99-a-month subscription-based WWE Network. World Wrestling Entertainment shares closed 43.5% lower at 11.27.

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