Posted by Storm
on 7/22/2002, 8:59 pm
In an official statement from World Wrestling Entertainment, the company today announced that they will receive $3.5 million in damages to settle the lawsuit against the PTC. "We have always maintained that certain statements made about us by the PTC went beyond fair comment or criticism, and were false, defamatory, and very unfair," explained Linda McMahon, CEO of WWE, Inc. As part of the settlement, PTC President L Brent Bozell will be meeting certain advertisers which he helped move away from WWE's show Smackdown! in the last couple of years and will personally explain the basis of his letter of apology. Reuters also reports that the PTC agreed never to interfere with WWE's business relationships again and never to urge boycotts of WWE products or WWE advertisers. The article was picked up by CNN.COM.
credit: wrestling-online newsletter
Message Thread:
« Back to thread