Filed under: Earnings reports, Google (GOOG), General Electric (GE), Time Warner (TWX), Starbucks (SBUX), Employees, Walt Disney (DIS), Viacom (VIA), Sony Corp ADR (SNE), CBS Corp ‘B’ (CBS), News Corp’B’ (NWS)
The New York Times reports that 200,000 Hollywood workers are about to be affected by the imminent strike of the writers. And Teamsters — while not on strike — are not likely to cross the writers’ picket lines. The fight is over how the DVD and Internet pies get split between producers and writers. Which stocks will be winners and losers?
One winner is Starbucks Corp. (NASDAQ: SBUX) as its shops will undoubtedly attract writers who normally would be reporting to a corporate office. They’ll spend time using Starbucks wireless Internet access and drinking its over-priced Joe. In addition to all the people who will stop watching their favorite TV shows, the corporate losers from the strike will include the following:
- CBS Corp. (NYSE: CBS) - David Letterman’s writers will stop writing jokes and it will be interesting to see whether CBS will just start with the re-runs.
- The Walt Disney Companies (NYSE: DIS) - ABC will be able to run a few new episodes of Boston Legal, Lost, Grey’s Anatomy, and Desperate Housewives before its audience gets bored with the re-runs.
Continue reading Writer’s strike: Winners and losers
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