YM, a magazine for young women, and Colossal Pictures, a design and production company turning out cable shows, are teaming up to produce “YM/TV,” which will present an irreverent look at lifestyle issues and entertainment. The program, targeting the 12-29 audience, is being shopped to broadcast, cable and syndicators by William Morris packaging agent Mark Itkin.

Saban Entertainment has acquired the worldwide TV rights (excluding U.S. homevid) to “The Floating Outfit,” a four-hour miniseries now filming in South Africa at a budget of $ 6 million. Mini stars Martin Sheen, Corbin Bernsen and Christopher Atkins. Saban is foregoing a pre-sale to a U.S. network, insisting the move will allow it to retain control over all creative aspects of the project. Once filming wraps, Saban will offer it for network, cable or syndication. The company intends to produce at least 10 movies this year under similar arrangements.

The Raycom spex “America Comes to Graceland” and “Elvis: His Life and Times” have been cleared on 155 stations representing 92% of the country.

Hearst Entertainment Distribution has cleared “The World of Nature,” a series of two-hour TV event spex premiering this fall, on 99 stations covering 87% of the country.

Philadelphia Eagles quarterback Randall Cunningham will host Pandora’s “Scramble,” an educational gameshow for kids, that has been cleared in 70% of the country, including the CBS O&Os in New York and Los Angeles.

All American TV and Children’s Television Workshop have reached an agreement to distribute the children’s science show “3.2.1 Contact” in strip syndication beginning in fall 1994.

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