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Vince McMahon is featured in a Forbes story that spotlights the WWE Network. Forbes notes that McMahon has never articulated a clear succession plan and notes that there are rumors he might sell the company. Comcast and Madison Square Garden Co. are listed as rumored suiters.
McMahon was described as being coy about whether the company will be run by another member of his family in the future. "I would like to see a degree of that," McMahon said. "I just think as times go on, things will evaporate. Eventually Uncle Sam sees the benefit. You can’t do anything without Uncle Sam taking a huge bite of it." Read the full interview at Forbes.com.
Powell's POV: The speculation of a sale continues. There was an odd rumor about AMC Networks attempting to acquire the company that was shot down earlier this month. However, McMahon certainly had an opportunity to squash all sale/merger rumors in the Forbes piece and never did, meaning it's definitely something to keep an eye on. It's a lengthy piece with plenty of quotes from Vince and is definitely worth reading.
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I really hope Comcast doesn't get it.
McMahon was described as being coy about whether the company will be run by another member of his family in the future. "I would like to see a degree of that," McMahon said. "I just think as times go on, things will evaporate. Eventually Uncle Sam sees the benefit. You can’t do anything without Uncle Sam taking a huge bite of it." Read the full interview at Forbes.com.
Powell's POV: The speculation of a sale continues. There was an odd rumor about AMC Networks attempting to acquire the company that was shot down earlier this month. However, McMahon certainly had an opportunity to squash all sale/merger rumors in the Forbes piece and never did, meaning it's definitely something to keep an eye on. It's a lengthy piece with plenty of quotes from Vince and is definitely worth reading.
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I really hope Comcast doesn't get it.
