The project was developed by John Tomlin and Bob Young, who were co-executive producers of the recently canceled “A Current Affair.”
A pilot of the newsmag received a thumbs-up from Fox Inc. chairman Rupert Murdoch.
Murdoch has long hoped to give Fox a national news presence, though several high-profile attempts — including “Front Page” and “The Reporters”– have failed.
Fox Entertainment president John Matoian told Fox affils last week during their annual confab that the weblet was ready to launch a newsmagazine, but gave no details.
Project’s format may be to go without an anchor, according to a source familiar with plans for the newsmag.