Update: CBS has renewed the show for season 5!
Earlier, we've predicted that 'The Good Wife' was still 'on the bubble' for a season 5 renewal. However, a new development arouse that was made recently by the CBS network.
CBS has announced the long-awaited multi-platform syndication deal for the struggling legal drama. Therefore, we're happy to share the news that the future of the show is now predicted as 'likely to be renewed' by May of 2013. You may read the official press release here.