PW Insider reported the following:

WWE informed just about every licensee and partner that they work with that all references to Hulk Hogan, all images of Hogan and all current and planned licensing projects that might involve Hulk Hogan products should be dropped immediately.
I have heard that from action figures to streaming music, anything Hulk Hogan-related under WWE’s umbrella has been terminated and/or in the process of being pulled down.

WWE, wisely, wants no connection to Hogan or the coverage his situation is likely about to get within the mainstream media over the next several days.

People Magazine spoke with Hulk Hogan today about the racists statements attributed to him earlier today. He told them,

 “Eight years ago I used offensive language during a conversation. It was unacceptable for me to have used that offensive language; there is no excuse for it; and I apologize for having done it. This is not who I am. I believe very strongly that every person in the world is important and should not be treated differently based on race, gender, orientation, religious beliefs or otherwise. I am disappointed with myself that I used language that is offensive and inconsistent with my own beliefs.” You can read the whole story by clicking here.

This link, which goes to a story from October of 2012 where there was a report from where they talked about the racist remarks made on the Hulk Hogan-Heather Clem sex tape but they couldn’t definitely attribute them to Hulk Hogan at the time.

Booker T tweeted the following about Hulk Hogan:

“20 years ago I made a huge mistake by saying something I shouldn’t have on National TV. It’s 2015 and the n-word should be eradicated from the English language in my opinion. I am shocked by the statements made by Hulk Hogan. It’s unfortunate, but that’s something that he’s going to have to deal with.”

Mark Henry wrote the following on Twitter regarding the situation

On the aspect of who will take over the judging position on Tough Enough the early word is Ric Flair is currently the front runner but the final decision will be made by Vince McMahon and executive producer Kevin Dunn