WWE Stock Getting Clobbered, Q2 2008 Results on 8/5

-- WWE stock is getting clobbered today, at 13.96 (down over 9.4% today) as of this writing. Today is the lowest the stock has been since January 24th and the 52-week low of 13.35 is not too far off this point. The stock was flying in the first quarter of this year, peaking at 19.86 the week after WrestleMania.

-- World Wrestling Entertainment, Inc., To Report 2008 Second Quarter Results

STAMFORD, Conn.--(BUSINESS WIRE)--World Wrestling Entertainment, Inc. (NYSE:WWE) announced that it will report its 2008 second-quarter results on Tuesday, August 5, 2008, before the market opens. Senior management will host a conference call beginning at 11:00 am ET to discuss the results.

All interested parties are welcome to listen to a live web cast that will be hosted through the Company’s web site at corporate.wwe.com. Participants can also access the conference call by dialing 800-862-9098 (conference ID: WWE). Please reserve a line 15 minutes prior to the start time of the conference call.

The earnings release and presentation to be referenced during the call can be found at corporate.wwe.com.

A replay of the call will be available approximately two hours after the conference call concludes, and can be accessed at corporate.wwe.com.

Additional information on World Wrestling Entertainment, Inc. (NYSE: WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.

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.