WWFE Income, Revenue Fall

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World Wrestling Federation Entertainment Inc. reported that its revenue and
net income were down 12 percent and 49.5 percent, respectively, for its second
fiscal quarter.

The weaker numbers reflected softness in television ratings and pay-per-view
buys. Revenue for the period was $98.2 million, down from $111.9 million last
year, while earnings totaled $4.8 million (7 cents per share), compared with
$9.5 million (13 cents) last year.

PPV buys fell to 1.2 million from 1.7 million during the quarter, as PPV
revenue slipped to $22.2 million.

Television advertising revenue also fell to $20.9 million from $22.5
million.

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