The agreement is expected to have an official announcement in the next few days.
The report states the obvious -- "a network paying anywhere close to that (asking) figure would make 'Alaska" one of the most expensive nature series ever produced." It will also make the cast of "Friends" and "Seinfeld" green with envy over their comparatively paltry per episode payouts.
It is still undecided which Discovery Communications channel the show would go on. It could fit with mom-friendly TLC (the "L" is meant to stand for learning) or on the Discovery Channel.
The hi-def program will be shot in a style similar to Discovery's recent hit "Life" with Palin acting as a guide to the Alaskan outdoors.