WWE Soars on New TV Deals for ‘Raw,’ ‘SmackDown’ With USA, Fox

World Wrestling Entertainment Inc. signed new five-year agreements with USA Network and Fox Sports, deals that the company said will contribute hundreds of millions of dollars in revenue growth. “Monday Night Raw” will continue to air on USA Network, while Fox Sports will show “SmackDown Live” each Friday on the Fox broadcast network, WWE said in a statement Tuesday. Shares of Stamford, Connecticut-based WWE rose almost 20 percent in mid-May following reports that 21st Century Fox Inc. would pay more than $1 billion for rights to “SmackDown Live.” The company said Tuesday expects to sign additional deals providing $80 million by 2021.

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