WWE News: MVP Diagnosed with a Heart Condition, Quarterly Dividend Announced

During a routine cardiovascular test in San Jose under the WWE Wellness Policy, MVP was diagnosed with Wolff-Parkinson-White syndrome. The syndrome is basically an abnormal accessory pathway, which could cause an abnormal heart rhythm and increase the risk for a heart attack. There was an abnormal heart rhythm detected and MVP underwent treatment on Monday of this week. He was off the house shows last weekend and more tests will be taken next week to see if his treatment was a success. [Credit: Wrestlingobserver.com]

WWE released the following Press Release regarding the Quarterly Dividend:

World Wrestling Entertainment, Inc. Declares Quarterly Dividend
Friday August 10, 2:32 pm ET

STAMFORD, Conn.–(BUSINESS WIRE)–World Wrestling Entertainment Inc. (NYSE: WWE) announced that its board of directors today declared the Company’s regular quarterly dividend of $0.24 per share on all Class A and Class B common stock. The record date for the dividend will be September 14, 2007, and the payment date will be September 26, 2007.

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 World Wrestling Entertainment Inc. programming, talent names, images, likenesses, slogans, wrestling moves, and logos are the exclusive property of World Wrestling Entertainment Inc. ECW is a trademark of WWE Libraries, Inc. 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.