According to a report in the latest Wrestling Observer Newsletter, NXT moving to FS1 is essentially a done deal. The black and yellow brand is reportedly also moving to a live television platform and will be increasing their show to a 2-hour program.
This well, of course, directly counterprogram All Elite Wrestling, which will begin on TNT in the same slot Wednesday, October 4th, 2019.
According to the Observer, nothing is official until the announcement is made, but it’s far enough along that FOX told some affiliates already.
It is unknown whether NXT will continue to emanate from Full Sail University or not. Internally, WWE reportedly feels like they have the edge on AEW because they have a very deep roster of superstars that they can continue to shuffle in and out of their Wednesday night show.