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STRIKE OVER, AFTEREFFECTS LINGER
Wednesday, February 20 2008
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Aftereffects from the recent writers' strike will likely linger throughout the remainder of the year, particularly for the network television industry, according to Jack Kyser, chief economist for the Los Angeles County Economic Development Corp. In his annual Economic Forecast Report for the county and surrounding areas, Kyser said that the strike had already cost $2.5 billion in lost wages and income to support services. But the pain, he said, did not end when the strike was settled. "Some new TV shows will be canceled and others will not resume full production until the fall season," he observed. Moreover, he indicated, new economic storms may be on the horizon. Leaders of the Screen Actors Guild, he said, "are talking tough. So there is growing concern that they will go on strike despite settlements by the two other guilds [the Writers Guild of America and the Directors Guild of America]."
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