James Hibberd
June 27, 2011 AT 07:45 PM EDT

Is Charlie Sheen taking another step closer to getting back into primetime?

Radar is reporting the actor has made a deal with production company Lionsgate Television to shop a new sitcom to networks and that channels are already bidding for the show. “Networks and cable are bidding on the show right now, with TBS being the front runner,” the story reports: Only problem: There doesn’t appear to be a Lionsgate deal yet (the company has no comment). As for TBS, a spokesperson says, “TBS is not in discussions for a possible project with Charlie Sheen.”

Though Sheen’s name is still red hot in the media, that sort of intensity doesn’t always translate into TV deals, even for a proven draw like Sheen. It’s tough to imagine any network, even a cable network smaller than TBS, getting in bed with Sheen without having some real reservations, given his admitted/bragged-about substance abuse and media rants — there’s just so much can go wrong. Even if Sheen draws big ratings, advertiser support could be iffy, and a big audience is only valuable if you can sell it.

What do you think?

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