Like a phoenix, ex-RHONY housewife Bethenny Frankel, 43, arises from the ashes of a costly divorce, a bitter custody battle with ex-husband Jason Hoppy, 42, and her canceled talk show Bethenny. She is reportedly bouncing back with another reality show. Frankel's in "serious" talks about the deal.

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The Skinnygirl mogul is in talks with a production company, and is shopping her show concept to different networks. This show would be about her life after her cancelled talk show, and through the trials-and-tribulations of her insane divorce as reported in Hollywood Life on May 6.

The talks are looking pretty "serious," says an insider.

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"Nothing is official but she's shopping a reality show around and taking meetings."

Viewers loved Frankel on RHONY. She had a successful two-year run with reality show Bethenny Ever After, (which provided Bravo its highest rated series premiere in network's history as it documented Frankel getting married). And then there was her recently canceled talk show, Bethenny.

Frankel was heartbroken about the cancelling of Bethenny, but mostly for her employees.

"She was very emotional, and sounded teary," a source said. Frankel released this statement when the show was given the axe:

"I had a blast doing this show with Telepictures. My entire staff worked so hard and made everyday so much fun. I am thankful for the experience and for all my fans who tuned in every day."

As for herself, she was "relieved" to leave, according to an ABC News report on February 25.

"I am relieved," she wrote on her blog. "What I really want right now is to be with my daughter, to do yoga, to focus on [her product line] Skinnygirl and my writing, and to give myself a break."

She continued, "Unlike my time on Bravo, I felt a bit diluted, filtered and somewhat constricted. I am a free spirit," she wrote. "I am more comfortable in my natural surroundings and in a setting where I'm surrounded by crazy, where anything goes and where I can be authentically me. When interviewed about the show, I always said that it could only work if I was true to myself and only if it was genuinely a good fit and marriage which it turned out not to be."

"I have been striving and climbing and white-knuckling for so long that I need a rest from the grind," she said. "I'm a little over myself and wouldn't blame anyone else for being over me as well."

She seems to be back in good spirits now.