Friday, February 1, 2008
Writers And CBS
"The Writers Guild of America abruptly scrapped a controversial event it had planned in New York next week targeting investors of CBS Corp., one of the media companies with which it is in contract talks.
The guild had invited dozens of Wall Street analysts to a one-hour presentation Tuesday on how the 3-month-old writers strike has negatively affected the television networks and CBS in particular.
The unusual event was part of a strategy to pressure conglomerates through their shareholders to reach a deal with writers. But it prompted an angry response from some executives whose studios are in talks with the writers.
As of early Wednesday, several analysts contacted by The Times said they were planning to attend the session. By late afternoon, however, guild leaders had decided to pull the plug, according to two people close to the matter. Guild officials declined to comment."