Feb 7, 2008
Michael Eisner confirms to CNBC that Writer’s Strike is over
A deal has been struck between the major media companies and the Writers Guild of America to end the writers’ strike, former Walt Disney Chairman Michael Eisner said today on CNBC.
“It’s over. They made the deal, they shook hands on the deal. It’s going on Saturday to the writers in general.”
Eisner, spoke live on CNBC’s “Fast Money” and suggested the deal’s acceptance by the WGA was inevitable. Eisner did not elaborate on the 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.
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