Shane McMahon, Executive Vice President of Global Media, announced today
he has tendered his resignation effective January 1, 2010.
Shane stated, "It has been an incredible experience to help build WWE®
into a global phenomenon. However, having been associated with this
organization for the majority of my life, I feel this is the opportune
time in my career to pursue outside ventures.”
"Even though I am personally saddened by Shane’s decision to leave the
company, I am proud of the enormous contributions he has made. He will
unquestionably bring passion, commitment and extensive business
experience to any endeavor he pursues,” said Vince McMahon, WWE Chairman
and CEO.
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
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,
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.