From: Wrestling Observer
WWE announced today that MyNetworkTV would be the new home for Smackdown starting in September.
In a joint announcement by Vince McMahon and MyNetwork President Greg Miedel, they announced the partnership. No terms were publicly announced for the deal, nor was a night of the week for the show announced, other than the show would stay in its two-hour format.
MyNetworkTV and WGN were the only two networks to show major interest in a product that would significantly boost ratings for all but the major broadcast network stations. Due to significantly more clearances, MyNetworkTV was clearly the best option for WWE.