While WWE resumed its live wrestling matches this week, like most media companies it is expecting the pandemic to impact its financial outlook
While the company resumed its live wrestling matches this week on USA and Fox, like most media companies it is expecting the pandemic to impact its financial outlook.
“The decision to furlough versus permanently reduce headcount reflects the fact that the Company currently believes the furlough will be temporary in nature,” the WWE’s statement said. The cost savings will save the company $4 million per month, with a cash flow improvement of $140 million. The company says it has $500 million in cash and debt capacity to help it weather the storm.
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