TV & Movie Writers' Strike Update

Faced with the possibility of showing reruns in primetime, TV studios have finally caved on the key issue in the current strike.
In a new contract proposal to the writers the studios are offering $130 million in additional compensation for content delivered over the internet.
Sharing the revenue from new media is the key sticking point in the negotiations.
This offer seems low to me, but the fact that the studios realize they have to share will probably result in them increasing this offer to a point where it is acceptable to the writers.
The Writers Guild has asked for four days to review the offer.
Most shows usually go into reruns over the holidays anyway, but I expect this deal to be done in enough time so that all shows will begin showing new episodes in January.
But I think the studios will have to pony up a lot more money to get it done.
Variety is predicting the strike will go on until March.