BUZZ- World Wrestling Entertainment Inc: Loss smaller than estimates

Thu Jul 31, 2014 12:21pm EDT
 
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** Shares of televised wrestling show producer up 8.1 pct at $13.07

** Company reports smaller-than-expected Q2 loss

** Company to reduce workforce by 7 pct

** As of February, company had about 762 employees

** Estimates $10 million reduction in 2014 expenses on adjusted basis

** WWE also signs 10-year broadcast and multimedia agreement with Rogers Communications

** Deal allows Rogers to exclusively distribute WWE's flagship programming in Canada