During the WWE conference call held earlier today, Vince McMahon described the scenario as WWE just having a very lousy quarter. He also blamed the retirements of Shawn Michaels and Batista, injuries to Triple H and The Undertaker and the Icelandic volcano as reasons for the company struggling over the last few months. McMahon did address a question about plans for an all WWE cable network saying they are going to cable systems with a presentation in January. He added they are making a pitch based on the Major League Baseball model and that they have already received strong reactions to the idea of a "WWE Network" within the cable industry.
sources: corporate.wwe.com, prowrestling.net
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