By Michael Ausiello
May 17, 2009 at 12:00 PM EDT

Never underestimate the power of a $5 footlong.

NBC has finalized a deal to bring Chuck back for a third season, multiple sources confirm.

That’s the good news. Here’s the bad news: The 13-episode pickup came after Warner Bros. agreed to make significant budget concessions, including scaling back the number of episodes several members of the show’s stellar supporting cast will appear in and, per one insider, possibly eliminating one actor altogether (R.I.P. Anna Wu?). The show is also expected to cut two of its staff writers.

But back to the good news: Chuck lives on! Celebrate in the comments section!

For up-to-the-minute renewal-cancellation-pickup scuttlebutt throughout the weekend and into upfront week, stay close to both my blog (the one you’re reading now!) and Twitter feed. And to track the status of your favorite bubble show, there’s my Fall TV Cheat Sheet. Finally, for the official schedule announcements (beginning with Fox tomorrow) proceed to the Hollywood Insider blog.

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