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Bringing practical business and technical intelligence to today's structured cabling professionals.

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on:

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

TKO Group Knocks Out WrestleMania Event Record

Photo of WWE wrestlers participating in WrestleMania 40.

TKO Group Holdings Inc. (NYSE: TKO) is a sports and entertainment company that was formed through a merger between World Wrestling Entertainment (NYSE: WWE) and Zuffa, the parent company of the Ultimate Fighting Championships (UFC). TKO Group is a subsidiary of Endeavor Group Holdings Inc. (NYSE: EDR).

The consumer discretionary sector company merged the two most dominating entertainment organizations in the mixed martial arts (MMA) and professional wrestling industry. The WWE hosted its annual WrestleMania 40 over two nights starting on April 6, 2024, and destroyed its previous record as the most successful event in its history.

WrestleMania: The Super Bowl of Professional Wrestling

Like the Super Bowl held at the end of each NFL football season, WrestleMania was created as a once-a-year event featuring the top stars in the WWE. The alleged scandals coming to light regarding WWE founder Vince McMahon had investors questioning whether the bad publicity would blemish the event.

However, the worries were unfounded as WrestleMania 40 shattered many records. WWE brought back prior top stars, including Dwayne "The Rock" Johnson, and featured second-generation pro wrestler, Cody Rhoades, winning the heavyweight championship from Roman Reigns on the night two main event on April 7, 2024.

Chart showing TKO pullback support levels.

Daily Cup Pattern 

The daily candlestick chart on TKO illustrates a cup pattern. The cup lip line formed at $102.04 on Sept. 21, 2024. TKO proceeded to sell off to a low of $72.33 by Dec. 11, 2023. Shares managed to form a rounding bottom and grind back up towards the cup line, reaching $99.40 as the daily relative strength index (RSI) floats up to the 80-band. Pullback support levels are at $93.49, $88.58, $82.47 and $79.14.

Breaking So Many Records

WrestleMania 40 broke many records. It crushed its previous attendance record with 145,298 attendees over the two-night event. Viewership surged 41% YOY, driving up merchandise sales by 20% YOY to new record levels. WrestleMania featured its first-ever ring mat sponsorship featuring PRIME Hydration. Its fan event was also the highest-attended and grossing fan event in history. Over 660 million views occurred and over 67 million views on WWE's YouTube channel in 24 hours.

The Monday Night RAW event following WrestleMania also drew the largest gate in history as post-WrestleMania storylines continued into the episode. The NXT Stand & Deliver event was the highest-attended event in NXT history, with 16,545 attendees.

Endeavor Acquisition

In 2016, Endeavor acquired the UFC for $4 billion. In 2023, Endeavor spun off the UFC to merge with the WWE in a $21 billion deal to form TKO Group, with Endeavor retaining 51% ownership in TKO. On April 2, 2024, Endeavor agreed to be acquired by private equity firm Silver Lake Management for $13 billion. 

Silver Lake already had a 71% stake in Endeavor, and under the deal, Silver Lake will acquire the remaining shares for $27.50 in cash per share. TKO Group will remain a standalone, publicly traded company. The deal is expected to close by Q1 2025.

Endeavor CEO Ari Emanuel said, "We believe this transaction will maximize value for all of Endeavor's public stockholders and are excited to continue to unlock and invest in the growth opportunities ahead as a private company."

A Much Needed Shot to the Arm?

After a disappointing Q4 2023, the big WrestleMania success could be a nice shot in the arm for TKO Group. On Feb. 27, 2024, the company reported a loss of 16 cents for Q4 2023. Revenues surged 126% YOY to $614 million but still fell shy of the consensus estimates of $623.29 million. The company also issued downside guidance for full-year 2024 with revenues of $2.575 billion to $2.650 billion versus $2.79 billion consensus analyst estimates.

TKO Group analyst ratings and price targets are at MarketBeat.

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