Deadline reports that Netflix and production company 20th TV are in talks about continuing Terra Nova as a Netflix exclusive. A deal with Netflix would make sense, considering that the show had a much higher DVR viewership than its live ratings would suggest.
Netflix has already saved one Fox show, beloved comedy Arrested Development, but Terra Nova might be a taller order because of its huge effects budget. CGI dinosaurs don't come cheap.
20th TV has said it will try hard to find a new home for the show, so even if things don't work out with Netflix, another network may be interested.