A
professional wrestling promotion (also
federation or
fed) is a
company or
business that regularly performs shows involving
professional wrestling. "Promotion" also describes a role which entails management, advertising and logistics of running a wrestling event (
see promoter). Within the convention of the show, the company is a
sports governing body which sanctions wrestling matches and gives authority to the championships and is responsible for determining the divisions, rankings, etc. of wrestlers. In truth, the company serves as a
touring theatre troupe, as well as
event promotion body for its own events.