According to The Hollywood Reporter:
Cosmo Life (working title) follows the work-hard, play-hard lifestyles of a group of young tastemakers in the know about what’s hot in music, fashion, style, beauty, sex and celebrities, often opening up their own lives to millions of readers around the globe. The up-and-comers at the best-selling women’s magazine must juggle the temptations of New York’s hottest celebrity parties and VIP nightlife with the demands of their jobs and their formidable editor-in-chief, Joanna Coles.
The news comes just a few months after a scripted pilot based on the magazine’s office was developed at NBC, but not picked up to pilot. Wait till NBC finds out about the Snapchat Times.