SLAM! Sports SLAM! Wrestling
  July 28, 2000



News & Rumours
Bios
Obits
Canadian Hall of Fame
WrestleMania 30
WrestleMania 30 photos
Video
Movie Database
Minority Mat Report
Columnists
Features
Results Archive
PPV Reviews
SLAM! Wrestling store
On Facebook
On Twitter
Send Feedback




Photo Galleries

Heroes & Legends IV fan fest


NXT Takeover: Fatal 4 Way


ROH All Star Extravaganza VI


PWG Battle of L.A.: Night 2


PWG Battle of L.A.: Night 1


SummerSlam


Kevin Steen







SCOREBOARD
PHOTO GALLERY
VIDEO GALLERY
COMMENT




READER ALERT: For all the latest wrestling happenings, check out our News & Rumours section.

Viacom owns a chunk of the WWF


Quoting a regulatory filing with the Securities and Exchange Commission, the Reuters news agency is reporting that Viacom now owns a 14.3 percent stake in World Wrestling Federation. The stake that Viacom has in the WWF was previously disclosed as part of the deal between Viacom and the WWF when Viacom won a court case against the USA Network for the television rights to show World Wrestling programming.

USA's contract expires in September and the WWF will move to The Nashville Network in October. TNN cancelled its contract with Extreme Championship Wrestling to make way for the WWF.

A family run business since its inception, the WWF has not allowed outside owners to buy into the federation for years. It was only in October of 1999, that the WWF starting making shares in the company available to the public.

In this afternoon's trading, WWF shares were down 5/8 to 20-1/2 in afternoon trading on Nasdaq. They have a 52-week high of 34 and a low of 9-3/4.