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Current DateTime: 08:01:10 10 Feb 2012
LinksList Documentid: 23279714
Expiration DateTime: 2/10/2012 8:03:14 AM

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Current DateTime: 08:01:10 10 Feb 2012
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    • Big Media Names Report Earnings 

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    • Cisco & News Corp Report Earnings 

        CNBC's Jon Fortt; Shaw Wu, Sterne Agee; and Mark Sue, RBC Capital Markets, discuss Cisco's latest earnings. Also, the update on News Corp's earnings, with CNBC's Julia Boorstin.

    • News Corp Earnings Review 

        Rupert Murdoch just made some big progress in its hacking scandal, which will minimize the embarassing details shared in court, reports CNBC's Julia Boorstin.

    • The Trade on Sprint & Disney Update 

        The Fast Money crew with the trade on Sprint, ahead of its Q4 earnings. Also, CNBC's Julia Boorstin has an update from Disney's conference call, as well as the outlook for ad revenues.

    • Disney Conference Call Update 

        CNBC's Julia Boorstin has the latest details from Disney's conference call, reporting attendance is up at the theme parks, and the company will launch a new broadcast channel in Japan next month.

    • Disney's Iger on Q1 Results 

        Robert Iger, Walt Disney president & CEO, explains how the current quarter is trending in ad sales and parks bookings, with CNBC's Julia Boorstin and Maria Bartiromo.

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Current DateTime: 08:01:11 10 Feb 2012
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Current DateTime: 08:01:10 10 Feb 2012
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Dems Back Writers' Strike, Just Not A Long One

Published: Wednesday, 7 Nov 2007 | 9:41 AM ET
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By: Julia Boorstin
Correspondent

Writers Guild of America
CNBC.com

The Writers Guild is marching on, as it's day three of the strike. But they're not alone, as the top three Democratic presidential candidates are coming out in favor of labor. This is not the first time the party has supported workers, but one might argue Hollywood writers are the least blue collar of any guild.

But as the Dems back labor, there's the fact that some of Hollywood management--all the folks that the writers are striking against--have been closely aligned with the Democratic presidential candidates by raising money and awareness for them in a lot of elections. David Geffen, who is certainly part of "management" is considered such a powerful political force that the big hubbub over his political alignment was over whether he's supporting Obama or Clinton. And he's not alone as nearly every studio chief has donated and hosted fundraisers.

So what does it mean that these politicians are supporting the labor side? Are they biting the hand that feeds them? Will management take a dim view of the Democrats' support of the writers in a drawn out strike? The Dems commentary was fairly predictable: supporting the workers and their creative rights. But all are pushing for a quick resolution perhaps hoping that the steady stream of management support doesn't dry up if Hollywood comes to a screeching halt with a long strike.

Here's what the Dems had to say. Obama came out with a statement, first: "I stand with the writers. The Guild's demand is a test of whether corporate media corporations are going to give writers a fair share of the wealth their work creates or continue concentrating profits in the hands of their executives. I urge the producers to work with the writers so that everyone can get back to work."

Hilary Clinton followed, "I support the Writers Guild’s pursuit of a fair contract that pays them for their work in all mediums. I hope the producers and writers will return to the bargaining table to work out an equitable contract that keeps our entertainment industry strong and recognizes the contributions writers make to the success of the industry."

Then John Edwards: "The striking Writers Guild members are fighting an important battle to protect their creative rights. These writers deserve to be compensated fairly for their work, and I commend their courage in standing up to big media conglomerates. As someone who has walked picket lines with workers all across America and as a strong believer in collective bargaining, I hope that both sides are able to quickly reach a just settlement.”

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