After working all one night last week the TV networks reluctantly came to an agreement with the Television Authority, representing five unions of actors and performers. By 7:10 in the morning, the last contract was signed and the authority had won a smashing victory in its first grapple with TV employers. CBS President Frank Stanton estimated that the new two-year contract would double program costs. Du Mont believed it would add $2,000,000 to the network budget.
Some benefits won by TV actors: for five lines or more on an hour show, $170...
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