So will Craig Ferguson’s show, which is also produced by Letterman’s sartorially named production company.

The details of the deal have not yet been released, but this should create a significant advantage for both Letterman and Ferguson, not just because they will have writers, those monologues typically take a dozen writers to hammer out, but because there are a lot of guests who won’t cross a picket line, and with World Wide Pants productions, they are not.

As to whether this will lead to Letterman taking back the ratings lead from Leno, only time will tell.

As for me, I may watch Letterman, but I won’t be watching Stewart or Colbert, who will be airing shows without a deal with writers.