Writers Strike Comes To An End
Posted: Sat Feb 09, 2008 7:08 pm
Yay.. we're finally going to see some new TV shows and movies. I don't think I can take any more reality TV.
http://www.cnbc.com/id/23057002
http://www.cnbc.com/id/23057002
A deal has been struck between the major media companies and the Writers Guild of America to end the writers' strike, former Walt Disney chief executive Michael Eisner revealed on CNBC.
"It's over," Eisner said. "They made the deal, they shook hands on the deal. It's going on Saturday to the writers in general."
Eisner, speaking live on CNBC's "Fast Money," seemed to hesitate initially about whether it was possible that the writers could still reject the agreement, but finally suggested the deal's acceptance was inevitable.
"A deal has been made, and they'll be back to work very soon," Eisner said, adding, "I know a deal's been made. I know it's over."
Eisner did not elaborate on terms of the agreement. He said he expects most of the media companies affected by the strike to have "small" write-downs as a result of the deal. Eisner said the deal was struck last Friday.