Michael Sileck Named New Chief Financial Officer For World Wrestling Entertainment, Inc.STAMFORD, Conn. -- World Wrestling Entertainment World Wrestling Entertainment, Inc. (WWE) is a publicly traded, privately controlled integrated media (focusing in television, Internet, and live events), and sports entertainment company dealing primarily in the professional wrestling industry, with major revenue sources , Inc. today named Michael Sileck to be its new Chief Financial Officer and the newest member of its Board of Directors. Sileck's most recent position was Senior Vice President and CFO See Chief Financial Officer. of Monster Worldwide, Inc., where he led a streamlining and rationalization of the company's various operating units and a successful spin-off of the Executive Search and Staffing Divisions into a separate public company, which resulted in a shareholder value increase of more than $1 billion. He served as CFO and Senior Vice President for USA Networks, Inc., from 1999 to 2002, which included responsibility for financial activities of all corporate assets including USA Networks, Sci-Fi Network, Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. (HSN HSN Home Shopping Network HSN High Speed Network HSN Hereditary Sensory Neuropathy HSN Highly Saturated Nitrile HSN Healthy Schools Network, Inc. HSN Hopping Sequence Number HSN Historical Sample of the Netherlands HSN Haiti Support Network ), Ticketmaster, USA Studios and USA Films. Prior to USA, Sileck was Vice President of Finance for Sinclair Broadcasting from 1996 to 1999, where he was responsible for all financial operations for this 60-television and 50-radio station group. He has held finance and business positions with several media companies, including River Broadcasting of St. Louis, Narraganset Television LLP LLP - Lower Layer Protocol of Providence, R. I., and WKTVY-TV, the NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. affiliate based in Oklahoma City. "We are very pleased to have Michael join the WWE(R) team as CFO. Not only will Michael bring his prior financial expertise in the business of entertainment, television, and digital media, but he will also add to operations support and contribute significantly to strategic initiatives development. We look forward to Michael's involvement as WWE continues to expand its presence in the entertainment business around the globe," said Linda McMahon, WWE CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . World Wrestling Entertainment, Inc. (NYSE NYSE See: New York Stock Exchange : WWE) is an integrated media and entertainment company headquartered in Stamford, Conn., with offices in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Los Angeles, Toronto and London. Additional information on the company can be found at wwe.com and corporate.wwe.com. Trademarks: The names of all World Wrestling Entertainment televised and live programming, talent names, images, likenesses, slogans and wrestling moves and all World Wrestling Entertainment logos are trademarks which are the exclusive property of World Wrestling Entertainment, Inc. All other trademarks 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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 agreement, including television distribution agreement; 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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