The Chaser team is returning to ABC TV with an original news analysis show called The Hamster Wheel.

According to the ABC press release The Hamster Wheel will examine the contemporary media landscape, where everyone from journalists to political fixers is perpetually at risk of spinning out of control.

The Chaser's new show 'will examine the contemporary media landscape, where everyone from journalists to political fixers is perpetually at risk of spinning out of control'.

“I just can’t wait to get my hands on the ABC credit card again,” said Executive Producer Julian Morrow.

“When it comes to dodgy uses of other people’s money, Craig Thomson’s got nothing on The Chaser team.”

Asked about the Chaser team’s return to ABC TV, Managing Director Mark Scott said, “This is the most humble day of my life.”

When told about the title for the new show Kim Dalton, Director of ABC TV said, “The Hamster Wheel? Peddling fast and getting nowhere. Very apt for The Chaser. When does the final episode go to air?”

The 8 x 30 min episodes of The Hamster Wheel, which begins production this week, will premiere on ABC1 later this year, but the ABC is hoping that Buckingham Palace will intervene to stop it airing before then.