The reality show was set up at the USA network in 2012.
The show ran for five years and 96 episodes on the USA network.
The USA network will pay about $26 million for the first two years of its four-year deal.
USA Networks will have about 96 percent of the voting rights in the new company.
USA Networks, which bought the company in 1999, sold only 10 percent of it to the public.
USA Network picked up this set of pilots for a series.
USA Network also reran the show at one point in the 80's.
In 2005, the show was moved back to the USA Network.
The series later moved to the USA Network from 1989 to 1991.
USA Network says it has committed more than $175 million toward original programming for 1996-97.