People magazine is close to a deal for a prime-time show that will air on ABC, according to a story in the New York Post. The magazine has reportedly been under pressure from execs at Time Inc. to diversify its media offerings.
“Negotiations between People and ABC’s Lincoln Square Studios, headed by Vice President Morgan Hertzan, are close to wrapping up, sources said,” the Post reports. “Jess Cagle, the editorial director of People, has been a presence on the red carpet for ABC’s Oscars coverage — but the expectation is that the Disney-owned network will bring in its own talent to produce and star in the show.”
ABC and Lincoln Square will reportedly pay a $100,000 licensing fee for each episode, along with promoting the show via ads in Time Inc.’s People and Entertainment Weekly, the story notes, citing unnamed sources.