Bad News for Networks and Viewers

 - Nov 5, 2007   Updated: Jun 7 2011
References: nydailynews & forbes
Leno and Letterman might be running out of jokes soon as Hollywood's Writers have begun striking.

"A strike will happen at everyone's peril," Jeff Zucker, the chief of NBC Universal said last week.

If the strike carries on long, we will be seeing a lot of reruns and reality programming coming our way and networks run the risk of loosing audiences and revenue for the season.

Implications - The Hollywood writers want to be better compensated for their work, especially when it "appears on new media platforms like the Web." The guild is what represents the 12,000 writers and they are asking for a residual income. The argument is that the "online arena is still too new to establish any kind of payment formula."