WWE Raw
On June 15, 2009, McMahon announced on a special three-hour edition of Raw that he had "sold" the WWE Raw franchise to Donald Trump, who appeared on-screen to confirm it and declared he would be at the following commercial-free episode in person. WWE issued a press release on the scripted sale while the USA Network later issued a statement confirming the "sale" as part of a storyline. The statement was issued in response to multiple news sources having mistakenly reported the event as legitimate. Due to the mistake, on the day following the announcement, WWE's stock on the New York Stock Exchange notably fell. Despite USA Network's acknowledgment that the sale was fictional, Randy Katz, a securities lawyer with Baker & Hostetler, commented on the Fox Business Network that a probe by the U.S. Securities and Exchange Commission against WWE and USA Network owner General Electric "certainly is a possibility. The next week, Vince McMahon repurchased Raw from Donald Trump and announced that a "Guest host" initiative originally introduced by Trump in response to the position of General Manager being vacant would go in effect on June 29. Each weekly guest host is usually either a WWE Hall of Famer, a former or returning talent, or other celebrity. The guest host or hostess assumes the role of a brand General Manager, serving as Raw's authority figure for the day. The following year, it was announced that with Vickie Guerrero (and subsequently Bret Hart) becoming the new full-time GM, the guest hosts (while continuing to appear) would no longer have booking power.