Writers March on Wall Street

Picketing Hollywood's money machine
By Peter Fearon,  Newser Staff
Posted Nov 14, 2007 2:49 AM CST
Screen Actors Guild (SAG) member Julia Louise-Dreyfus, left and Lilly Tomlin join members of the Writers Guild of America (WGA) and others on the picket line in front of Universal Studios in Universal...   (Associated Press)
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(Newser) – Striking writers waving banners marched on Wall Street to complain that the nation's media giants aren't sharing the wealth from online content. The Writers Guild of America targeted CBS, Disney, Viacom Inc., which owns Comedy Central and MTV; News Corp., owner of the Fox TV and film studios, and others

The writers, on strike for over a week, are demanding residuals for movies and TV programs distributed on the web. Corporate chiefs "brag to Wall Street about how much money they are making through new media, but cry poverty to the writers who are making them rich," said a flier handed out near the New York Stock Exchange.