After some encouraging early signs out of ABC following CBS’ cancellation of Ghost Whisperer last week, I hear the financial aspect of ABC picking up the veteran drama starring Jennifer Love Hewitt ultimately could not be worked out. (The show is owned 50/50 by ABC Studios and CBS Studios.) Ghost Whisperer executive producers Kim Moses and Ian Sander just issued the following statement:

“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.”

Ghost Whisperer is one of two cancelled CBS series that has been looking for a new life on ABC, along with comedy The New Adventures of Old Christine. I hear the chances of Old Christine don’t look good either but the producers are expected to make one last effort to make a deal with the network.