SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 26, 2000
World Wrestling Federation Entertainment, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 000-27639 04-2693383
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1241 East Main Street, Stamford, CT 06902
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (203) 352-8600
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Item 5. Other Events.
On December 26, 2000 World Wrestling Federation Entertainment, Inc.
("WWFE") issued the press release filed as an exhibit to this Form 8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press Release dated December 26, 2000.
Page 2 of 5 pages.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
WORLD WRESTLING FEDERATION
ENTERTAINMENT, INC.
By: /s/ August J. Liguori
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August J. Liguori
Executive Vice President and
Chief Financial Officer
Dated: December 26, 2000
Page 3 of 5 pages.
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EXHIBIT INDEX
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99.1 Press Release dated December 26, 2000.
Page 4 of 5 pages.
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EXHIBIT 99.1
[LOGO]
WORLD WRESTLING FEDERATION ENTERTAINMENT, INC.
ANNOUNCES SALE OF WWF HOTEL AND CASINO
STAMFORD, CT. DECEMBER 26, 2000 - World Wrestling Federation Entertainment, Inc.
(NYSE:WWF) today announced the sale of the WWF Hotel and Casino located in Las
Vegas, Nevada. The net proceeds from the sale are approximately $11.2 million
and are net of closing costs and other selling expenses.
The property was purchased in the second quarter of fiscal year 1999 and
classified as an asset held for sale on the balance sheet. The company expects
to record a gain of approximately $1 million.
Forward-Looking Statements : This news release contains forward-looking
statements 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, food and beverage,
entertainment, professional sports, and licensed merchandise; acceptance of the
Company's brands, media and merchandise within those markets; and other risks
and factors identified in the Company's Prospectus dated October 18,1999 and
other documents filed with the Securities and Exchange Commission. Actual
results could differ materially from those currently anticipated.
Contacts: Investors: Thomas Gibbons, Vice President of Investor Relations, World
Wrestling Federation, Inc., (203)328-2576 Media : Judd Everhart, Director of
Corporate Communications, World Wrestling Federation, Inc., (203) 353-5066.
