STAMFORD, Conn.--July 18, 2000--World Wrestling WWE Entertainment, Inc. (NMS: WWE) has hired Tom Gibbons as Vice President of Investor Relations.

This newly created position will report to Linda McMahon, CEO of WWE.

"Tom has twenty years experience in developing strong relationships with the investment community, and preparing financial presentations for industry analysts, and evaluating merger and acquisition opportunities,'' said Linda McMahon, CEO of WWE. "This, combined with his financial management background, makes Tom an excellent leader for our new Investor Relations Department.''

Gibbons comes to WWE from Bankers Trust Corporation where he held management positions in External & Regulatory Reporting, Investment Banking, Global Markets and Investor Relations since 1992. From 1985 - 1991, Tom held increasingly responsible roles in financial management with Joseph E. Seagram & Sons and General Electric Company. Gibbons graduated summa cum laude from Boston College with a B.A. in Economics and from Harvard Graduate School of Business Administration with an M.B.A. He currently resides in New York City.

WWE Entertainment, Inc. is headquartered in Stamford, Connecticut, with sales offices in New York City, Chicago, Toronto and London. We are an integrated media and entertainment company, principally engaged in the development, production and marketing of television programming, pay-per-view programming and live events, and the licensing and sale of branded consumer products featuring our highly successful WWE (WWE) brand. The Company is an equal partner with NBC for the XFL, a new professional football league scheduled to kickoff in February 2001. WWE currently has 300 full-time employees and has exclusive contracts with approximately 125 performers. The Company can be found on NASDAQ under the symbol WWE and online at WWE.com.