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UPN was/is Paramount's second attempt at a network. They were first to make an attempt in 1977, and launch the Paramount Television Service, PTS. A show called "Star Trek Phase II" would have been their flagship series, with most of the cast of the original, except for Leonard Nimoy, who was in the middle of a successful Broadway production and didn't want to leave.
Ironically, when UPN started in 1995, it was led by Star Trek: Voyager.