The first writer's strike lasted for 5 months and the entertainment industry lost around $500 million.
The reason for the writer's strike was because broadcasters had comanding lead over all cable companies.
Back in 1988, economics were much simpler, no shows were played on internet, and watching of shows was only done on the television.
"Writers Guild of America Strike Begins — History.com This Day in History — 3/7/1988." History.com — History Made Every Day — American & World History. Web. 11 May 2011. <http://www.history.com/this-day-in-history/writers-guild-of-america-strike-begins>.
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