In addition to reporting their earnings for the fourth quarter of 2012 and full year results, WWE issued the following press release:
WWE® Announces Business Plan and Potential Path to Significant Earnings Growth
STAMFORD, Conn.–(BUSINESS WIRE)–
WWE (WWE) today announced some of the key initiatives in its 2013-2015 business plan, which is designed to achieve significant earnings growth, potentially doubling or tripling the company’s current 2012 EBITDA results by 2015. The primary drivers of this growth include the potential launch of a WWE network, the renewal of key content agreements, and the execution of our digital strategy. These initiatives, if successful, could generate substantial returns. However, they contain significant execution risks.1 In order to achieve such growth, WWE will continue to invest in its production and creative capabilities. As a result, it is expected that WWE’s 2013 EBITDA will approximate 2012 results.
“Our plan to transform our business is based on t...