Deadline
http://www.deadline.com/2012/12/bryan-singer-to-spearhead-twilight-zone-series-reboot-for-cbs-tv-studios/
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According to Deadline, X-Men director Bryan Singer has closed a deal to develop, executive produce, and possibly direct a reboot of Rod Serling’s classic. The drama series project, now in early stages, is set up at CBS TV Studios, which has the rights to the original series, and a search is under way for a writer to pen the new “Twilight Zone”. The project has not been pitched to networks yet, but CBS is an obvious destination since CBS TV Studios only supplies CBS and The CW on the broadcast side and CBS carried the original series as well as the first revival.
The original “Twilight Zone” series ran on CBS from 1959-1964. CBS also aired a remake, which ran from 1985-1989. The most recent series reboot, hosted by Forest Whitaker, premiered on UPN in 2002 and lasted one season.