Despite renewed optimism about a resolution of the Hollywood writers' strike following last week's agreement with the Directors Guild, signs continued to appear that the TV and film industries would continue to suffer financial hardship for months to come, if not longer. Over the weekend, CBS said that it had dropped about 20 projects that were being readied for pilot production. In a statement, the network said, "Due to the ongoing writers strike, our development needs for the upcoming pilot season have changed, and we have released some comedy and drama scripts." And the London Financial Times reported that NBC Universal CEO is planning to eliminate the pilot season and the "upfront" pre-season presentation of the network's shows to advertisers. "Things like that are all vestiges of an era that's gone by and won't return," Zucker told the newspaper. Plans for the upcoming Grammy and Oscar awards remained up in the air, with few people willing to predict that, even under the best of circumstances, the strike could be settled before those awards shows take place.