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A deal has been struck between the major media companies and the Writers Guild of America to end the writers’ strike, former Walt Disney chief executive Michael Eisner revealed on CNBC.

“It’s over,” Eisner said. “They made the deal, they shook hands on the deal. It’s going on Saturday to the writers in general.” [...]“A deal has been made, and they’ll be back to work very soon,” Eisner said, adding, “I know a deal’s been made. I know it’s over.”

Eisner did not elaborate on terms of the agreement. He said he expects most of the media companies affected by the strike to have “small” write-downs as a result of the deal. Eisner said the deal was struck last Friday.

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