The hope was to create a television awards show that would rival the longstanding Emmys. The Paley Center for Media had planned just that, as we reported in September 2010. The organization was making preparations to broadcast the initial Paley Center Awards in May 2012 from New York.
But hold everything.
The deal to televise the upstart event could not be agreed upon with several broadcast and cable networks, the Hollywood Reporter (THR) says.
While Paley CEO Pat Mitchell tells THR they will keep plugging away for a future awards program, she adds that the “Paley Prize” was never meant to replace the Emmy.
The Paley Awards had the financial backing of high-profile executives, including Sony TV’s Steve Mosko and former Fox Networks CEO Tony Vinciquerra.