— The WWE stock increase by .34 cents yesterday is
being attributed to the WWE releases that took place last Thursday. As reported
earlier, several creative team releases also took place last week and there are
expected to be developmental cuts in the very near future. WWE shareholders
apparently see this as a good sign as the company continues to cut costs in all
areas. As noted earlier, there are a lot of worried people in WWE right now as
more cuts are definitely on the way.
— As noted earlier here on the website, the AXXESS
festivities have been dropped from this year’s WWE SummerSlam pay-per-view in
Los Angeles. According to sources, the decision to drop AXXESS was made back in
January and is not part of the budget cuts.
