Looks like ABC couldn't make the economics work in acquiring CBS' recently canceled "Ghost Whisperer."

Things were looking up for the Jennifer Love Hewitt skein, particularly because ABC Studios co-produces the show, along with CBS TV Studios. What's more, the show looked like a good fit for ABC's Friday night 8 p.m. slot, as a lead-in to newcomer "Body of Proof." And exec producers Kim Moses and Ian Sanders already have an overall deal with ABC Studios, where they developed three projects last year.

But "Ghost" was ending its fifth season — and that's when shows get more expensive, as production and talent fees rise. ABC execs were also leery of running "Ghost" opposite CBS' "Medium," fearing that "Ghost" wouldn't ultimately be worth the investment.

Here's a statement from "Ghost Whisperer" exec producers Kim Moses and Ian Sander (above, with Hewitt):

“After five wonderful
seasons and over 100 episodes, we are disappointed to announce Ghost Whisperer
will not be returning for a sixth season.  We’ve had an incredible experience
and owe a debt of gratitude to everyone involved.  We continue our relationship
with ABC Studios and look forward to developing many more successful projects
together in the future.”

Read Cynthia Littleton's 2009 profile of the show, "'Ghost Whisperer' beats the odds," here.

Peter Caranicas wrote about "Ghost Whisperer's" special effects team here.

And Keith Marder wrote about "Ghost Whisperer's" passionate online fanbase here.

Warner Bros. TV, meanwhile, is still holding out hope on reviving "The New Adventures of Old Christine" — although ABC is seen as a longshot.

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