When it comes to news on Scream 5 it has been basically unheard of for a while, last thing i remember was seeing Kevin Williamson tweet about having a script completed yet nobody wanted it he said..
The latest we hear now is that Harvey Weinstein is pressing his brother Bob to get Scream 5 made so it can be ended once and for all, so cancel out all hopes for a second trilogy, there wont be a Scream 6!

Text below is from Indiewire.com – FULL ARTICLE here..

He’s urging his brother to make “Scream 5” happen.

Weinstein said that he’s urging his brother Bob, who heads Dimension Films, to make “Scream 5” happen. “Everyone lived in ‘Scream 4,” he said. “I’m begging him to do the movie and just end it. We’ve milked that cow.”

(UPDATED October 4th) From ok, to worse…

I was (as a Scream and Ghostface fan) willing to give a TV series at least a ‘Look-in’ when the time came for its debut on the small screens, but now a new recent development has popped up which just makes it too daft to believe or add into the series… It seems that a ‘Super Natrual’ element will exist in the show.. My God, what next?… the ONLY good thing is that it seems the films and series wont be directly linked or overlapped..

Bloody Disgusting have a report online HERE
(Rodrigo Kurtz of HelloSidney.com posted the news via twitter originally, thanks to him for alerting us all)

Weinstein told the Zurich Film Festival audience that there’s no overlap between the series and film franchise, adding that the series “is supposed to represent a new beginning and also pursue a supernatural direction.”