Chikara

Once the greatest wrestling promotion in the world, Chikara went (kayfabe?) defunct in 2013 after its owners, Titor Conglomerate, ordered it shut down. 
Chikara's founders split off into the Wrestling Is satellite promotions, which include:
Wrestling is Fun
Wrestling is Cool
Wrestling is Heart
Wrestling is Intense
Wrestling is Art
Wrestling is Respect
Wrestling is Awesome
Rumors abound that a Wrestling is Killer promotion is scheduled to debut sometime in the future. Only rumors, though.
Spelled out they make an anagram, "F CHI(k)ARA."