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Entertainment News Blog Archives
Entertainment News Blog posts insightful comments on the latest international news that render us taken-aback in the domain of the entertainment facet of life. Entertainment News Blog: World-Wrestling-Entertainment News 1 World Wrestling Entertainment reports increased revenue, decreased profit earnings: August 2, 2007; The Associated Press
HARTFORD, Connecticut: WWE, facing congressional review after one of its star performers killed his wife and son in a murder-suicide, reported a 52 percent drop in second-quarter profits Thursday after its latest box office attempt fizzled. WWE reported net income of $7 million (€5.12 million), or 10 cents per share, compared with $14.7 million (€10.76 million), or 21 cents per share during in the same period in 2006. Analysts polled by Thomson Financial expected per-share profits to be 8 cents. Revenue increased to $137.5 million (€100.63 million) from $119.3 million (€87.31 million) in the same period last year. WWE shares, after opening Thursday morning at a 52-week low of $14.52, rose 59 cents, about 4 percent, to $15.11. WWE shares have fallen nearly 8 percent since the June murder-suicide of wrestler Chris Benoit and his family in their Fayetteville, Georgia, home. Benoit killed his wife, Nancy, and 7-year-old son, Daniel, placed Bibles next to their bodies and then hanged himself on the cable of a weight machine, authorities said. The three were found dead June 25. Entertainment News Blog: World Wrestling Entertainment News 1 (Continued) Prescription anabolic steroids were found in the family's home, raising questions about whether the drugs played a role in the killings. A U.S. House committee last month asked WWE to turn over any information it had on steroid and drug abuse in pro wrestling, citing "questions about reports of widespread use of steroids and other performance-enhancing drugs by professional wrestlers." That request sent WWE shares tumbling again. Chief Executive Linda McMahon told analysts that the company has taken a strong stand against all drugs, including steroids. "All of us at WWE were stunned and saddened by this horrific event," she said in a conference call. "We're committed to doing everything we can to helping our performers lead healthy lives." The WWE said it took a $15.7 million (€11.49 million) charge related to the weak box office performance of "The Condemned," which starred wrestler "Stone Cold" Steve Austin. The film, which was panned by critics, took in $7 million (€5.12 million). Entertainment News Blog Comment: All entertainment serves our senses. These were your senses only that were getting bored being unable to get involved in what you were doing, and what the entertainment centers do is that they provide you with something sensational catching your attention in an easy way. Like watching the world wrestling entertainment that uses violence in entertainment as its tool of sensation that comes hard on entertainers but easy on you! I invite you to subscribe to my E-zine titled Life Coach, free of charge. This E-zine publishes insightful comments on the latest international news that render us taken-aback in the domains of various facets of life. A not-to-be-missed opportunity! Subscribe to it here: I also invite you to subscribe to my Life Blog - no need to provide your e-mail address here. This RSS feed keeps you informed about new developments taking place on this site. It also harbors 25 journal bloglets posting insightful comments on the latest international news that render us taken-aback in the domains of various facets of life. In order to subscribe to the blog, right-click on the orange RSS button (see buttons up to the left) and then paste the URL into your RSS reader. Or click on add to My Yahoo! button or My MSN or Add To Google button if you keep a personalized home page there. If you are not sure what RSS or blogging is all about, click on What's an RSS Feed? here:
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