Project Runway meets…The Real World? Bunim-Murray Prods, the company behind the long-running MTV series and the more recent Living Lohan, is in serious negotiations to take over Runway once it moves from Bravo to Lifetime this fall, according to a key insider. The producing gig opened up in May after Dan Cutforth and Jane Lipsitz of Magical Elves announced they were stepping down from Runway after season 5 (beginning July 16) because they signed an exclusive first-look deal with NBC/Universal. News of their deal came less than a month after Lifetime announced that it nabbed future seasons of Runway away from Bravo. Cutforth and Lipsitz had been responsible for the award-winning Runway since its inception.

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