It's May and you know what that means, the five major networks announce their plans for Fall 2012 and you'll get all the latest updates here as we begin season two of

THE TV WEEKLY: UPFRONT EDITION

For the next three weeks, you will see numerous updates of what shows are coming back, which pilots are looking to get picked up, and what shows are getting cancelled.

So, let's get right to it.

Deadline Hollywood is reporting that Ashton Kutcher, Angus T. Jones, and Jon Cryer is close to signing new deals to return for Two & A Half Men for a tenth season. Here's the report from Nellie Andreeva:

The leading men of CBS‘ veteran comedy Two And A Half Men are staying put. I’ve learned that Ashton Kutcher, Jon Cryer and Angus T. Jones, whose contracts were up at the end of this season, are inches away from an agreement in principal for new one-year deals that will bring them back for next season — the series 10th and second with Kutcher as the star after he replaced Charlie Sheen. Word is that the trio are returning at their current salaries, with all three getting signing bonuses. Kutcher is believed to be earning about $700,000 per episode, Cryer a bit less and Jones $300,000 an episode. Jones’ bonus at the last contract re-upping was $500,000.

Also from Deadline, ABC is reportedly eyeing a final season of the Grey's Anatomy spinoff, Private Practice:

I hear that ABC is in talks to pick up Private Practice for a 13-episode sixth and final season. I hear a final renewal decision on the bubble series has not been made yet but the series’ chances have been helped by its strong ratings performance last week. In its second airing in its new Tuesday 10 PM slot, the Grey’s Anatomy spinoff posted a 2.2/6 in adults 18-49, up 29% from its modest premiere on the night the week before, to log its most-watched telecast in more than a year and a half and its best 18-49 result in more than two months. While sources don’t completely rule out an 18-episode or even 22-episode pickup, I hear the conversation has focused on a 13-epsiode order and that star Kate Walsh, whose current deal is coming up, has committed to 13 more episodes. If Private Practice is renewed, creator Shonda Rhimes could potentially have four series on the air next season: veteran Grey’s Anatomy, spinoff Private Practice, her freshman drama Scandal, which has garnered praise and done well enough to earn consideration for fall, and period drama Gilded Lilys, a pilot Rhimes executive produces with creator KJ Steinberg, which is in serious consideration for a series pickup. As for ABC’s two other bubble dramas, the Dana Delany starrer Body of Proof and the midseason soap GCB, both are still in contention. And both are owned by ABC Studios. Body Of Proof is a money maker as it sells well oversees but the question is whether ABC wants to keep a lone straight procedural on the schedule. The network’s slate of pilots for next season is dominated by soaps/serialized dramas and doesn’t include a single straight procedural. Meanwhile, GCB went through some growing pains creatively and its ratings have been on par with those for Body Of Proof but it does fit into ABC’s brand of soapy, escapist fare. ABC is not expected to make a decision until after it has screened all of its pilots. Complicating renewal plans on bubble shows is the fact that going into the screenings, which start tomorrow, virtually all pilots are still alive, giving the network a lot more options to consider for next season.

Lastly from Deadline, NBC is reportedly eyeing an August premiere date for the new season of Grimm and the new Matthew Perry series, Go On, which was already picked up to series a week or two ago. NBC's Hannibal series is also already picked up for next season as well:

NBC‘s freshman drama Grimm received a very early renewal in mid-March. And the network’s comedy pilot Go On starring Matthew Perry was given an unusually early series pickup 10 days ago. I hear both are being eyed for an early launch in August, following NBC’s coverage of the Summer Olympics in London. NBC, which is seeking a ratings turnaround, had been contemplating an early rollout for a number of series to take advantage of the monster promotional platform the Olympics provide. To make an August launch date, Grimm and Go On are expected to start production early. I hear Grimm writers are already working, while writers on Go On, created by Scott Silveri and directed by Todd Holland, will convene as early as next week.

The single-camera Go On stars Perry as an irreverent yet charming sportscaster who, trying to move on from a loss, finds solace from the members of his mandatory support group. An August premiere will certainly get the comedy on the air ahead of similarly themed single-camera pilot Rebounding, which is in serious consideration for a series pickup at Fox. In addition to Grimm, also expected to return earlier than this season are NBC’s midseason reality flagship The Voice and Broadway drama Smash, which are being considered for a fall launch.

So, that's all for now but like I said, you'll be seeing tons of updates from this for the next three weeks leading up to the announcements of the fall lineups. So, keep it here for the latest updates.