Weary after seven months of music war, ASCAP last week made peace with NBC, the biggest network of them all. The end of radio's bitter music war was in sight.
But for ASCAP it was not only peace without victory but peace at its expense. Provisions:
1) NBC will pay ASCAP 2¾% on its network commercial time sales, NBC affiliates 2¼% on local time sales.
2) NBC 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...