Yahoo looks to commission four new TV programs

|By:, SA News Editor

Yahoo (YHOO) plans to order four full-length Web TV series, the WSJ reports, with the company willing to pay from $700,000 to a few million dollars per episode for half-hour comedies of 10 episodes.

The report comes as Yahoo struggles to grow online ad revenue nearly two years in to Marissa Mayer's tenure as CEO. Two previous original video series have ended production.

The news adds to Yahoo's hiring of TV news journalist Katie Couric and former New York Times technology columnist David Pogue, and a report that the company is in talks to acquire online video service News Distribution Network for almost $300M.