12/28/2007 AT 07:10 PM EST
Just in time for the New Year, some fresh laughs will soon be back on late night television.
The Writers Guild and David Letterman's company, Worldwide Pants, which produces Late Night with David Letterman and The Late, Late Show with Craig Ferguson, reached an independent agreement Friday.
Those two shows will be allowed "to return to the air with their full writing staffs," according to a statement from the Guild. "This is a comprehensive agreement that addresses the issues important to writers, particularly New Media," which refers to the use of their work on the internet.
"I am grateful to the WGA for granting us this agreement," Letterman said in a statement to Entertainment Tonight. "We're happy to be going back to work, and particularly pleased to be doing it with our writers."