Fox pull out of American Torchwood

The Fox network that was going to produce American version of the Doctor Who spin-off Torchwood have withdrawn.

BBC Worldwide have released this statement:

BBC Worldwide Productions and the FOX Broadcasting Company have mutually agreed not to progress together with a 13-episode serialized 'Torchwood' format. We are currently in discussion with several interested networks.

The news of a US Torchwood was first reported in January this year.Tranter who would have acted as executive producers said that despite the withdrawal of Fox from the project, it is "still very much ongoing and very much alive." 

I think the idea of a American Torchwood was a bad one anyway, theres only one team Torchwood  and so they should concentrate on the one we have now!