Showtime may have no interest in bringing "Dead Like Me" back for a third season, but that doesn't mean the show's production company, MGM, isn't interested in keeping the show alive.

TV Guide's Michael Ausiello is reporting that MGM television president Hank Cohen is saying that a third season could very well turn up somewhere else.

"We are exploring every opportunity and option that we have available to us," Cohen said. "It's a terrific show and, contrary to what (Showtime president Robert Greenblatt) told Variety (on Tuesday), our producers don't feel like we've even begun to explore all of the Reaper opportunities that we have [story]. We have a very, very loyal fan base and I'm going to do everything I can for these fans to make sure the show lives on."

The show aired for two seasons on Showtime, starring Ellen Muth and Mandy Patinkin ("Alien Nation") as a group of undead working as grim reapers in a corporate environment set up by a higher power. While the show has struggled in the ratings, it has been criticially acclaimed.

It was created by Bryan Fuller, a former co-producer for "Star Trek: Voyager."

"The irony of all this is that 'Dead Like Me' is a metaphor for second chances, and we're hopefully going to find one," Cohen said.

MGM said a final decision on the fate of the series could be made by February.