News Wrap

• UFC Tackles Long Term Growth Issues - The last five pay-per-view events have produced three of the company's top ten events according to Dave Meltzer. UFC 79, 81, and 83 all drew between 525,000-650,000 buys and at $44.95. UFC 79 and 83 also produced the second and third largest gates in company history.
  
• Golden Boy Sticking to Boxing - Oscar de La Hoya recently said that Golden Boy will stick to boxing when asked about MMA.
  
• Viacom CEO Praises Iron Ring - Q1 profits for Viacom were up 33%. CEO Philippe Dauman said, "content creation is our central mission and our ongoing investments in programming are paying off as we see our television ratings continue to improve. Successful new programming across our networks during the first quarter included MTV's Randy Jackson Presents: America's Best Dance Crew, TV Land's High School Reunion and BET's Iron Ring among others, which joined new seasons of several proven audience favorites."
• Another Affliction Deal Falls Through - Negotiations with HDNet have reportedly fallen through. The promotion is now less than two months from its proposed first show and without a venue or television partner.
• UFC Targets Show for Latino Audience - El Octagono will debut on Galavision as the UFC attempts to expand MMA's demographic reach outside of 18-34 white males.
• WWE Q1 Results - Wrestlemania XXIV produced $31.3 million in revenue and $7.1 million in profits ($4.6 million net). The event drew 1,058,000 buys (including international).