Thursday, February 07, 2008

The Writers Strike is Over

From CNBC:
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.

Ring the bells and sing the hallelujah chorus. I can only hope it is a deal beneficial to the writers. But this is great news. I'm glad this period of divisiveness has finally been put to rest. Even if Nikki Finke says it hasn't, proving once again what a classy lady she is. Come on Nikki, no one likes Michael Eisner, but why stoop so low to show it?

The strike is over, a deal is struck, let's move on and let the wounds heal.

1 comment:

nick plowman said...

I am so glad!
It was about time too.