WWE held their 2nd Quarter Earnings report call today, here are the highlights:

-- The call started at 11:00AM.

-- Michael Weiss begins the call. They remind us that the numbers that have been released already, and they have been posted on 411.

-- Vince joins the call and says they did a good job in the quarter, and did solid growth even with the recession and decline in sales. He says that they are efficient, and with WrestleMania in the quarter, they did well.

-- With a 18% decline in revenue, WrestleMania helped the quarter. They more than doubled profits of last year at this time.

-- There was a 4% increase in attendance with WM taken out of the equation. Year to date they are about the same as last year, which is solid, but not great.

-- Ratings are generally up, which he sees as a positive.

-- PPV buys need to be addressed, as they are down 4%, which he says is part economy, and part WWE content.

-- They are working on a three year business plan, which they will roll out next quarter.

-- There was a 7% increase in revenue, and again, that is due to WrestleMania being in the quarter. Without the event, operating income has increased.

-- Profit margins increased, and WM brought in $32 million in revenue. The event double profit and earnings of last year's WM event.

-- Live events and PPV were impacted by changes in currency exchange rates.

-- Merchandise sales were down 24% internationally, due to lower ticket prices, merchandise prices and less events, and a weak global economy.

-- They increased 4% in domestic ticket sales, but prices were down, so less revenue.

-- Buys for the PPV's are down 4% as far as PPV's in the same quarter last year.

-- TV revenue is up, due to the addition of Superstars.

-- Licensing revenue remained, or the same as last year. The Legends of WrestleMania game helped make up for lower sales of the Raw vs. SD franchise.

-- Home video is down, due to two less titles released, and the overall decline of the industry.

-- Digital media was flat, or the same as last year.

-- As sales are up this quarter.

-- They have new partnerships with 7-Eleven and Pepsi Max.

-- They expect WWE Studios to break even or make a profit soon.

-- They had reduced operating expenses this quarter.

-- Operating income was up 134%, due to WrestleMania.

-- Net income was $10.2 million, without WrestleMania.