Item 2.05 Costs associated with Exit or Disposal Activities.

On January 9, 2009, World Wrestling Entertainment, Inc. (the "Company") announced that it is reducing approximately 10% of its staff across all areas of its global operations. The reduction will result in annual savings of approximately $8 million in compensation and benefit costs. The Company will incur an approximate $3 million one-time pre-tax restructuring charge in the first quarter of 2009. The charge will be a cash charge consisting primarily of severance pay. Actual cash payments relating to this charge will be made primarily in 2009.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press release dated January 9, 2009.