CBS is not proceeding with a fifth season of Magnum P.I. With Bull announcing in January that its current sixth season will be its last, Magnum P.I.
is the most established CBS series to be canceled this season. As a Top 25 show in total viewers, it also may be the most watched broadcast series to get the axe this upfront season.A reboot of the 1980s drama, which starred Tom Selleck, the new Magnum P.I.
was headlined by Jay Hernandez and was a rare broadcast drama with a Latino lead. Its cancellation came after lengthy and complex talks between CBS and lead studio Universal Television, which also is behind CBS’ FBI franchise and The Equalizer.
Following tough negotiations, the other four series, which are among CBS’ top ratings performers, received multi-season renewals.I hear Magnum P.I.’s cancellation was a business decision as the two sides could not come to an agreement on the license fee as lower overall linear ratings have been pushing down on what networks are willing to spend on shows.Read more on deadline.com