The WGA has signed a deal ending the Writer’s Strike! Wow! Wait really? Michael Eisner, the former Walt Disney chief executive of Walt Disney said that a deal has finally been struck between the major media companies and the WGA to end the writers strike! But is it true? Is it over? Not quite. but here is what Eisner said:

“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.

As a result of studio cutbacks, however, many of the writers who went on strike are unlikely to return to the same big-money contracts they’d had as individuals with the studios, Eisner said.

Eisner nor anyone else has yet to specify what terms they finally settled on, but if this is true hopefully the WGA stayed strong and was able to get what they deserved. I wonder what all the writers will do now that they don’t have to picket?

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