NEW YORK N.Y. September 27 2005 –Verizon today announced a programming-distribution agreement with World Wrestling Entertainment Inc. for its popular subscription video-on-demand service WWE 24/7.  Verizon is the first major telecom provider to offer this WWE video content in the United States.   Under the agreement Verizon will carry WWE 24/7 on Verizon FiOS TV in its first market Keller Texas and in future FiOS TV markets. The agreement was signed prior to the commercial launch of FiOS TV on Sept. 22.

WWE 24/7 leverages WWE’s 75 000-hour library the largest of its kind in the world featuring the leading wrestling and other sports entertainment brands and programming. 

“We are pleased to offer this service in our FiOS TV markets to satisfy devoted WWE fans who are passionate about watching the wrestling action of their favorite superstars of yesterday and today ” said Terry Denson Vice President of Programming and Marketing for Verizon FiOS TV. 

Said Peter Clifford Vice President WWE Affiliate Sales "Verizon has been a believer in the WWE 24/7 service from the very first time we sat down with them. We look forward to partnering with them to market the on-demand platform.  We will continue to work with strong emerging distributors like Verizon who can help us deliver this unique content to our passionate fans.”

Verizon launched FiOS TV Sept. 22 in Keller Texas unveiling a broad collection of all-digital programming with more than 330 total channels and more on the way.  FiOS TV digital customers will also have access to a large selection of on-demand content that is easy to order and view.

Terms of the agreement were not disclosed.

About World Wrestling Entertainment 
World Wrestling Entertainment Inc. (NYSE: WWE) is an integrated media and entertainment company headquartered in Stamford Conn. with offices in New York City Los Angeles Toronto and London. Additional information on the company can be found at wwe.com and corporate.wwe.com. WWE 24/7 is a subscription video on demand service being made available through Cable Telephony and Satellite television providers and leveraging WWE’s 75 000-hour library the largest of its kind in the world featuring the leading wrestling and other sports entertainment brands and programming. More information can be found at http://www.wwe24-7.com.

About Verizon
With more than $71 billion in annual revenues Verizon Communications Inc. (NYSE:VZ) is one of the world’s leading providers of communications services.  Verizon has a diverse work force of more than 214 000 in four business units:  Domestic Telecom provides customers based in 28 states with wireline and other telecommunications services including broadband.  Verizon Wireless owns and operates the nation’s most reliable wireless network serving 47.4 million voice and data customers across the United States.  Information Services operates directory publishing businesses and provides electronic commerce services.  International includes wireline and wireless operations and investments primarily in the Americas and Europe.  For more information visit www.verizon.com.

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Media Contact:     

Gary Davis WWE 203-353-5066
Sharon Cohen-Hagar Verizon 972-718-6205

Investor Contacts:
Michael Sileck WWE 203-352-1150

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 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.