WWE Reports 2010 Third Quarter Results

>br>“In the third quarter, our results reflected the Company’s continued focus on optimizing business results in a difficult environment,” stated Vince McMahon, Chairman and Chief Executive Officer. “We generated earnings growth despite a decline in revenue across many of our businesses. We believe our ongoing talent transition and the sluggish economy were important factors in these declines. Based on our history of developing talent and creating content with broad appeal, we are confident we can address these creative challenges. Further, by taking advantage of our strategic opportunities, we can achieve meaningful growth.”...More?

WWE Chief Operating Officer Donna Goldsmith read a prepared statement at today's investor conference call where it was noted that the transition in talent had an affect on the company's latest financial results.

Explaining the company's soft business, Goldsmith noted Shawn Michaels and Batista retiring following WrestleMania, The Undertaker and CM Punk missing time with injuries, and that Chris Jericho was "temporarily out of the ring."

Goldsmith said the company is focused on developing new stars, specifically naming Wade Barrett, Alberto Del Rio and The Nexus.

In regards to WWE Studios projects, she noted their productions set for 2011 will have smaller budgets compared to before.