WWE® Names Monty Sarhan General Counsel

  WWE® Names Monty Sarhan General Counsel

Business Wire

STAMFORD, Conn. -- January 31, 2013

WWE (NYSE: WWE) today announced the appointment of Monty Sarhan as General
Counsel and Senior Vice President. Sarhan replaces former General Counsel
Michael Luisi, who was promoted to President of WWE Studios. Sarhan will
report directly to WWE Chairman and CEO Vince McMahon.

As General Counsel, Sarhan will be a key member of WWE’s senior management
team, responsible for overseeing the legal and business affairs of the company
and serving as the principal legal advisor to the Chairman, CFO, and
management team. He will also serve as Corporate Secretary to WWE’s Board of
Directors.

Sarhan brings 14 years of experience as a seasoned media executive and lawyer,
having held senior leadership positions, including lead lawyer in several
business units and companies. Prior to joining WWE, Sarhan was Senior Vice
President of Business and Legal Affairs for Viacom Media Networks, where he
oversaw all business affairs for the premium movie network EPIX. As one of the
early members of the EPIX team, Sarhan was part of the network’s national
launch in October 2009. Reporting directly to the CEO, he worked on
distribution, digital strategy, business development, programming
acquisitions, and production deals. He also negotiated key agreements that
allowed EPIX to become the first premium network to offer subscribers access
on Android devices, Roku and Xbox 360.

Prior to his tenure with EPIX, Sarhan handled all business and legal affairs
for Viacom’s MTV Games group. He negotiated agreements with Sony, Nintendo and
Microsoft that established MTV Games as a leading publisher. He was part of
the team that launched the hugely successful Rock Band video game franchise as
well as The Beatles: Rock Band, which marked the first time the iconic band’s
music was available digitally.

Previously, Sarhan was the sole founder and CEO of Cracked Entertainment. He
acquired CRACKED, the 54-year old competitor to MAD Magazine, and re-launched
it as a digital property—CRACKED.com—targeting a new demo with an entirely new
editorial formula. It is now one of the country’s leading comedy sites.

Sarhan began his career as an associate in the New York office of the
international law firm White & Case. He earned his Juris Doctor from Duke
University, his Masters in International Relations from Boston University and
his undergraduate degree in History and Political Science from Tufts
University.

About WWE

WWE, 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
entertainment on its television programming, pay-per-view, digital media and
publishing platforms. WWE programming is broadcast in more than 145 countries
and 30 languages and reaches more than 600 million homes worldwide. The
company is headquartered in Stamford, Conn., with offices in New York, Los
Angeles, Miami, London, Mumbai, Shanghai, Singapore, Istanbul and Tokyo.

Additional information on WWE (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, logos and copyrights are the exclusive property
of WWE and its subsidiaries. All other trademarks, logos and copyrights are
the property of their respective owners.

Forward-Looking Statements: This press 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, without limitation, risks relating to
maintaining and renewing key agreements, including television and pay-per-view
programming distribution agreements; the need for continually developing
creative and entertaining programming; the continued importance of key
performers and the services of Vincent McMahon; the conditions of the markets
in which we compete and acceptance of the Company's brands, media and
merchandise within those markets; our exposure to bad debt risk; uncertainties
relating to regulatory and litigation matters; risks resulting from the highly
competitive nature of our markets; uncertainties associated with international
markets; the importance of protecting our intellectual property and complying
with the intellectual property rights of others; risks associated with
producing and travelling to and from our large live events, both domestically
and internationally; the risk of accidents or injuries during our physically
demanding events; risks relating to our film business; risks relating to
increasing content production for distribution on various platforms, including
the potential creation of a WWE Network; risks relating to our computer
systems and online operations; risks relating to the large number of shares of
common stock controlled by members of the McMahon family and the possibility
of the sale of their stock by the McMahons or the perception of the
possibility of such sales; the relatively small public float of our stock; 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, our dividend is
dependent on a number of factors, including, among other things, our liquidity
and historical and projected cash flow, strategic plan (including alternative
uses of capital), our financial results and condition, contractual and legal
restrictions on the payment of dividends, general economic and competitive
conditions and such other factors as our Board of Directors may consider
relevant.

Contact:

WWE
Media:
Matthew Altman, 203-352-1177
Matthew.Altman@wwecorp.com
or
Investors:
Michael Weitz, 203-352-8642
Michael.Weitz@wwecorp.com
 
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