It took the better part of a decade, but Hollywood has finally realized that acerbic funny lady Janeane Garofalo is a sitcom star waiting to be born. The comedian has signed a deal with ABC to develop and star in a comedy set at a prestigious TV newsmagazine. Slice o' Life — which will feature Garofalo as a thirtysomething New Yorker who produces the program's hokey pieces — is being co-created by ex-Murphy Brown producer Bill Diamond.