Whoops, wrong picture.
That's the long-running DC comic book, of course, not a reboot of the short-lived 2000 Aaron Spelling prime time soap opera starring Yasmine Bleeth and that guy from Starship Troopers.
Variety has the scoop. Apparently the show will center on Dick Grayson as Nightwing and a cast of other young DC superheroes. No word on how or if the series will fit in with the rest of the DCTVU, assuming that's a thing that exists. Akiva Goldsman is involved, though, so don't keep your hopes up.
Whatever happens, I just hope it has Terry Long in it. Submit your casting ideas now!