WWE gets negative New York Times headline

[Pennyroyal_Tea (admin)]

-Regarding yesterday's story about Vince McMahon getting an additional $5 million-plus due to the WWE board of directors voting to double the stock dividend, a few people familiar with the stock market have written to say that the dividend doubling may not have been done primarily to give Vince McMahon a raise, but instead to discourage dumping of the stock since they expected there to be a negative reaction to the latest quarterly financial report. In other words, the decision to double the dividends may have been a strategic moves to stabilize the company, not a selfish move to add more tens of millions to Vince's bank account. A positive gesture Vince could send to wrestlers given the tight times as far as pay goes would be to take a huge cut in salary as a way to make up somewhat for the gaudy dividend bonuses he is receiving.

-The New York Times business page today features a headline in the "Company News" section: "WORLD WRESTLING POSTS 74% DECLINE IN PROFIT." [Thanks to PWTorch.com reader Mike Sempervive]

-WWE was likely happier with the play they got in the New York Daily News, which acknowledged the Monday Night Football spoof from Monday. The headline read "Grapplers gag-team 'MNF' spot" by TV editor Richard Huff, along with a picture of Shelton Benjamin eyeing up Torrie Wilson from the spoof. Huff did add at the end that "Representatives from the NFL and ABC had no comment about the spoof." [Thanks to PWTorch.com reader Mike Sempervive]

-Remember, you can always quickly and easily catch up on the latest WWE News updates you might have missed by scanning down about two inches to the listing of the links to the latest 12 "WWE News" updates.

Credit: PWTorch.com