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Fly News Breaks for August 19, 2019
WWE
Aug 19, 2019 | 11:13 EDT
MKM Partners analyst Eric Handler notes that multiple wrestling-focused websites have speculated in the last week that WWE has received offers from both USA Network and Fox Sports 1 to purchase TV rights for a weekly program based on its NXT brand, which currently only airs a show on WWE network. He sees such a deal, which could be made official as soon as tonight on the company's Raw show, as a positive as consensus forecasts don't currently include revenue specifically for NXT, Handler tells investors. He keeps a Buy rating and $110 price target on WWE shares.
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