WWE is shutting down Florida Championship Wrestling, their official developmental territory. The company has already contacted their local television provider, the Bright House Network, and informed them of their decision. The programming will cease to air in three weeks.
Everyone involved with Florida Championship Wrestling is expected to relocate to Stamford, Connecticut until a decision regarding the company developmental program is made.
FCW became the official WWE developmental promotion in 2007 when WWE severed ties with Ohio Valley Wrestling and Deep South Wrestling. Steve Keirn, who started FCW, was put in charge of the company's developmental program. No word as of this writing on Keirn's status.
From what I understand, the decision to shut down the Tampa-based promotion will be effective immediately and includes the training facility.