WWE has filed FORM 10-K with the SEC, an annual report as part of their year end filings. In the document, they go over certain risks to the company's business as a whole. While the document is too long to go over completely, there are some things I would like to highlight:
The company discusses risk factors to their business, explaining just how important domestic television is to them. The following is from the report:
Our failure to maintain or renew key domestic television agreements could adversely affect our ability to distribute television programming which could adversely affect our operating results.
As to what Vince McMahon means to WWE, here's what is stated about him as a risk:
The unexpected loss of the services of Vincent K. McMahon could adversely affect our ability to create popular characters and creative storylines or could otherwise adversely affect our operating results.
They note in addition to being a part-time character on television that he is indeed head of creative. As we reported here on WrestlingNewsWorld.com, Vince replaced Stephanie McMahon as head of creative last fall. While it was unknown at the time if WWE would acknowledge the change, Stephanie has since been re-titled Chief Brand Officer.
You can read WWE's annual filing in its entirety at this link.