Word: ascap
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...ASCAP it was not only peace without victory but peace at its expense. Provisions...
...will pay ASCAP 2¾% on its network commercial time sales, NBC affiliates 2¼% on local time sales...
...will also pay $200 a year for each station using ASCAP music on network sustaining and public-service programs...
During the music war ASCAP has lost $2,500,000 in receipts. But that loss is trifling compared with some of its others...
...longer is the exclusive music mill for radio. BMI, into which the radio industry has poured some $2,000,000, will continue as an ASCAP rival...