The cast of As the World Turns was “devastated” when their soap was cancelled, but an insider tells BettyConfidential that the much-loved 54-year-old show may live again — on Lifetime.

There were reports earlier this year that the cable network was interested in picking up Guiding Light when it was cancelled, but as that deal couldn’t be worked out in time, the insider says the execs have turned their attention to ATWT.

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“Lifetime Television is interested in picking up the show,” the insider says. “They had wanted to pick up and continue on with Guiding Light, but at the time CBS announced its cancellation, Lifetime had already completed its lineup for the upcoming season, so it was too late. But this time, CBS has given advance notice in the hope that Lifetime or any other network is interested in picking up the show.”

Taping for As the World Turns ends in June next year and the last show is set to air in September but the cast is cautiously optimistic that they will find a new home for their soap.

“We’re all really hoping the show gets picked up,” Grayson McCouch (left), who plays Dusty Donovan, told our setsider. “There's a good chance it will! We are doing everything we can to get it to another network. So we are hopeful.”