World Wrestling Entertainment® announced today that
Basil V. DeVito, Jr. has been elected to its Board of Directors.
DeVito has been with the Company over the past 25 years. Since 2003, he
has served as Senior Advisor, Business Strategies, in which he has
obtained placement for WWE television programming in North America. His
tenure with the company began in 1985, when he created WWE’s first
marketing group. He subsequently managed several WWE departments, and
served as its Chief Operating Officer from January 1997 through June
1998. DeVito was also President of the XFL™, WWE’s former professional
football league.
In addition to his duties at WWE, DeVito held senior positions with the
National Basketball Association, The National Thoroughbred Racing
Association and Breeder’s Cup Ltd.
ABOUT WWE
World
Wrestling Entertainment, Inc., a publicly traded company (NYSE:
WWE), is an integrated media organization and recognized leader in
global entertainment. The company consists of a portfolio of businesses
that create and deliver original content 52 weeks a year to a global
audience. WWE is committed to family-friendly, PG
content across all of its platforms including television
programming, pay-per-view, digital media and publishing. WWE programming
is broadcast in more than 145 countries and 30 languages and reaches
more than 500 million homes worldwide. The company is headquartered in
Stamford, Conn., with offices in New York, Los Angeles, Chicago, London,
Shanghai, Sydney, Tokyo and Toronto.
Additional information on World Wrestling Entertainment, Inc. (NYSE:
WWE) can be found at wwe.com and corporate.wwe.com.
Trademarks: All WWE programming,
talent names, images, likenesses, slogans, wrestling moves, trademarks,
copyrights and logos are the exclusive property of World Wrestling
Entertainment, Inc. and its subsidiaries. All other trademarks, logos
and copyrights are the property of their respective owners.
Forward-Looking Statements: This
news release contains forward-looking statements pursuant to the safe
harbor provisions of the Securities Litigation Reform Act of 1995, which
are subject to various risks and uncertainties. These risks and
uncertainties include the conditions of the markets for live events,
broadcast television, cable television, pay-per-view, Internet, feature
films, entertainment, professional sports, and licensed merchandise;
acceptance of the Company's brands, media and merchandise within those
markets; uncertainties relating to litigation; risks associated with
producing live events both domestically and internationally;
uncertainties associated with international markets; risks relating to
maintaining and renewing key agreements, including television
distribution agreements; and other risks and factors set forth from time
to time in Company filings with the Securities and Exchange Commission.
Actual results could differ materially from those currently expected or
anticipated. In addition to these risks and uncertainties, our dividend
is based on a number of factors, including our liquidity and historical
and projected cash flow, strategic plan, our financial results and
condition, contractual and legal restrictions on the payment of
dividends and such other factors as our board of directors may consider
relevant.
