11/17/2008 05:12 am ET Updated May 25, 2011

Will "Mad Men" Be Renewed?

"Mad Men" is inching closer to a third-season pickup.

Sources said Thursday that AMC has informed producer Lionsgate of its intention to pick up the drama series for a third season, contingent upon the studio's ability to negotiate a new deal with creator/executive producer Matthew Weiner.

Weiner is not signed on beyond the show's current second season, which has its finale Oct. 26. He has been in talks with Lionsgate for the past couple of months while also exploring the possibility for a development deal elsewhere.

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