UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------------
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)*
World Wrestling Entertainment, Inc.
----------------------------------
(Name of Issuer)
Class A Common Stock, $0.01 Par Value Per Share
---------------------------------------------------
(Title of Class of Securities)
98156Q108
------------------
(CUSIP Number)
December 31, 2002
--------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
/ / Rule 13d-1(b)
/X/ Rule 13d-1(c)
/ /Rule 13d-1(d)
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*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 9 Pages
CUSIP NO. 98156Q108 Page 2 of 9 Pages
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Viacom Inc.
--------------------------------------------------------------
I.R.S. Identification No. 04-2949533
--------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
/ / (b)
--------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------
(4) Citizenship or Place of Organization Delaware
--------------------------------------------------------------
Number of (5) Sole Voting Power 0
Shares ----------------------------------------------
Beneficially (6) Shared Voting Power 2,034,442
Owned by ----------------------------------------------
Each (7) Sole Dispositive Power 0
Reporting ----------------------------------------------
Person With (8) Shared Dispositive Power 2,034,442
--------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,034,442
--------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
--------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
13.0%
--------------------------------------------------------------
(12) Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------
CUSIP NO. 98156Q108 Page 3 of 9 Pages
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
NAIRI, Inc.
--------------------------------------------------------------
I.R.S. Identification No. 04-3446887
--------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
/ / (b)
--------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------
(4) Citizenship or Place of Organization Delaware
--------------------------------------------------------------
Number of (5) Sole Voting Power 0
Shares ----------------------------------------------
Beneficially (6) Shared Voting Power 2,034,442
Owned by ----------------------------------------------
Each (7) Sole Dispositive Power 0
Reporting ----------------------------------------------
Person With (8) Shared Dispositive Power 2,034,442
--------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,034,442
--------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
--------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
13.0%
--------------------------------------------------------------
(12) Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------
CUSIP NO. 98156Q108 Page 4 of 9 Pages
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
National Amusements, Inc.
--------------------------------------------------------------
I.R.S. Identification No. 04-2261332
--------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
/ / (b)
--------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------
(4) Citizenship or Place of Organization Maryland
--------------------------------------------------------------
Number of (5) Sole Voting Power 0
Shares ----------------------------------------------
Beneficially (6) Shared Voting Power 2,034,442
Owned by ----------------------------------------------
Each (7) Sole Dispositive Power 0
Reporting ----------------------------------------------
Person With (8) Shared Dispositive Power 2,034,442
--------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,034,442
--------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
--------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
13.0%
--------------------------------------------------------------
(12) Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------
CUSIP NO. 98156Q108 Page 5 of 9 Pages
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
SUMNER M. REDSTONE
--------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
/ / (b)
--------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------
(4) Citizenship or Place of Organization United States
--------------------------------------------------------------
Number of (5) Sole Voting Power 0
Shares ----------------------------------------------
Beneficially (6) Shared Voting Power 2,034,442
Owned by ----------------------------------------------
Each (7) Sole Dispositive Power 0
Reporting ----------------------------------------------
Person With (8) Shared Dispositive Power 2,034,442
--------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,034,442
--------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
--------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
13.0%
--------------------------------------------------------------
(12) Type of Reporting Person (See Instructions) IN
--------------------------------------------------------------
Page 6 of 9 Pages
Item 1(a). Name of Issuer:
-------------
World Wrestling Entertainment, Inc. (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive Offices:
------------------------------------------------
1241 East Main Street
Stamford, CT 06902.
Item 2(a). Name of Person Filing:
--------------------
This Statement is filed on behalf of Viacom Inc.,
("VI"), NAIRI, Inc., ("NAIRI"), National Amusements, Inc.
("NAI"), and Mr. Sumner M. Redstone, (collectively, the
"Reporting Persons").
Approximately 69% of VI's voting stock is owned by
NAIRI, which in turn is owned 100% by NAI; Mr. Sumner M. Redstone
is the controlling shareholder, Chairman and Chief Executive
Officer of NAI, Chairman and President of NAIRI, and Chairman and
Chief Executive Officer of VI.
Item 2(b). Address of Principal Business Office or, if None,
Residence:
------------------------------------------------
VI's address is 1515 Broadway, New York, New York 10036
NAIRI's address is 200 Elm Street, Dedham, MA 02026
NAI's address is 200 Elm Street, Dedham, MA 02026
Mr. Redstone's address is 200 Elm Street, Dedham, MA 02026.
Item 2(c). Citizenship:
--------------
VI is a Delaware corporation.
NAIRI is a Delaware corporation.
NAI is a Maryland corporation.
Mr. Redstone is a citizen of the United States.
Item 2(d). Title of Class of Securities:
-----------------------------
Class A Common Stock, $0.01 Par Value Per Share (the
"Class A Common Stock").
Item 2(e). CUSIP Number:
------------
98156Q108
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b),
or 13d-2(b) or (c), Check Whether the Person
Filing is a:
-----------------------------------------------------
Not applicable.
Page 7 of 9 Pages
Item 4. Ownership.
---------
As of December 31, 2002, each of VI, NAIRI, NAI and Mr.
Sumner M. Redstone beneficially owned the two million thirty-four
thousand four hundred forty-two (2,034,442) shares of Class A
Common Stock reported hereunder, representing approximately 13%
of the outstanding shares of Class A Common Stock (based on
15,625,935 shares of Class A Common Stock being outstanding at
December 2, 2002, as reported in the Issuer's Report on Form 10-Q
for the quarterly period ended October 25, 2002), but less than
five percent of all of the Issuer's outstanding equity.
Due to the relationship among the Reporting Persons as
described in Item 2(a) hereof, each of the Reporting Persons may
be deemed to share with each of the other Reporting Persons power
(i) to vote or direct the vote and (ii) to dispose or to direct
the disposition of the shares of Common Stock covered by this
Statement.
Item 5. Ownership of Five Percent or Less of a Class.
---------------------------------------------
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
-------------------------------------------------------
See Items 2(a) and 4 hereof.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company or Control Person.
-------------------------------------------------------
Not Applicable
Item 8. Identification and Classification of Members of the Group.
----------------------------------------------------------
Not Applicable
Item 9. Notice of Dissolution of Group.
-------------------------------
Not Applicable
Page 8 of 9 Pages
Item 10 Certifications.
---------------
By signing below we certify that, to the best of our
knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities
and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in this
statement is true, complete and correct. Pursuant to Rule 13d-
1(k)(1), we agree that this statement is filed on behalf of each
of us.
Date: February 12, 2003
VIACOM INC.
By: /s/ Michael D. Fricklas
------------------------
Michael D. Fricklas
Executive Vice President,
General Counsel and Secretary
NAIRI, INC.
By: /s/ Sumner M. Redstone
-----------------------------
Sumner M. Redstone
Chairman and President
NATIONAL AMUSEMENTS, INC.
By: /s/ Sumner M. Redstone
------------------------------
Sumner M. Redstone
Chairman and
Chief Executive Officer
By: /s/ Sumner M. Redstone
--------------------------
Sumner M. Redstone,
Individually
Exhibit to Amendment No. 3 Page 9 of 9 Pages
to Schedule 13G
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule
13G, dated July 28, 2000 (the "Schedule 13G"), with respect to
the Class A Common Stock, par value $0.01 per share, of World
Wrestling Federation Entertainment, Inc. is, and any amendments
executed by us shall be, filed on behalf of each of us pursuant
to and in accordance with the provisions of Rule 13d-1(k) under
the Securities Exchange Act of 1934, as amended, and that this
Agreement shall be included as an exhibit to the Schedule 13G and
each such amendment. Each of the undersigned agrees to be
responsible for the timely filing of the Schedule 13G and any
amendments thereto, and for the completeness and accuracy of the
information concerning itself contained therein. This agreement
may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this
Agreement as of the 12th day of February, 2001.
VIACOM INC.
By: /s/ Michael D. Fricklas
------------------------------
Michael D. Fricklas
Executive Vice President
General Counsel and Secretary
NAIRI, INC.
By: /s/ Sumner M. Redstone
-------------------------------
Sumner M. Redstone
Chairman and President
NATIONAL AMUSEMENTS, INC.
By: /s/ Sumner M. Redstone
-----------------------------
Sumner M. Redstone
Chairman and
Chief Executive Officer
By: /s/ Sumner M. Redstone
------------------------------
Sumner M. Redstone
Individually