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World Wrestling Entertainment(R) Composer/Producer/Director of Music Jim Johnston Honored With 2008 BMI Award For Work In WWE(R) Monday Night RAW(R)

June 26, 2008

World Wrestling Entertainment, Inc.

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Broadcast Music Inc(R) (BMI) the leading U.S. performing rights organization, honored World Wrestling Entertainment’s Composer/ Producer/Director of Music, Jim Johnston, for his work on the number one cable program, “Monday Night RAW” which can be seen live every week on USA Network, 9pm/8c. Monday Night RAW broadcasts live 52 weeks a year- no repeats, and is watched by more fans than regular season basketball, baseball and hockey on cable TV.

This is the seventh time that Johnston has been honored with a BMI Award for his work with WWE Music.

Johnston is responsible for the composition and production of the WWE Superstar entrance music that can be heard on Monday Night RAW. His creation of themes have been associated with hundreds of WWE Superstars including Stone Cold Steve Austin(TM), The Rock(R), Undertaker(R), Chris Jericho(R), Batista(R), Mr. Kennedy(R), and the WWE Divas. Over the years, Johnston has written thousands of entrance themes, enhancing WWE Superstar’s added characters and definition as well as electrifying crowds around the world.

Broadcast Music, Inc. (BMI) is an American performing right organization that represents more than 375,000 songwriters, composers and music publishers in all genres of music and more than 6.5 million works. BMI has represented the most popular and beloved music from around the world for over 65 years. The non-profit American corporation collects license fees from businesses that use music, which it then distributes as royalties to the musical creators and copyright owners it represents.

The past year saw the release of WWE: The Music Volume 8, and a greatest hits compilation of Johnston-composed songs from Monday Night Raw.

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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.

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