Word: contract
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...point on which ASCAP triumphed was to make the networks pay for its music instead of throwing the whole burden to individual stations. The 5% ASCAP got before the war came out of the earnings of individual stations; until the new contract was signed no network save Mutual paid anything for ASCAP wares...
When Mutual signed with ASCAP last May, it offered to ASCAP 3% of its gross receipts, but its contract gives it the privilege of scaling down this fee to match any more favorable deal rival networks might make with ASCAP. CBS was still outside the fold last week, but it seemed likely to follow NBC's suit, sign up with ASCAP at drastically reduced fees. ASCAP went to war full of steam and confidence...
...less publicized last week was another Newspaper Guild victory-the signing of a first contract with the Communist Daily Worker. As slow to sign as the bourgeois capitalistic Times, neither did the Daily Worker set a new record for Guild wage scales. It contracted to pay its editorial comrades a minimum of $25 a week...
...down, OPM announced a 600,000,000-lb. ( 75% ) expansion, with Government financing. Last month it "recommended" five companies to operate the plants. But this week officials of at least one company still knew nothing about the program except what they had read in newspapers, still had seen no contract. Not one piece of equipment for the new plants had been ordered, not one commitment for electricity had been made...
...petroleum and petroleum products in 1939, 11,529,000 bbl. last year, about 1,150,000 bbl. a month this year. Until this week, Japan also got 1,800,000 tons (around 14,000,000 bbl.) a year from the East Indies under a contract with the Dutch. That contract is now suspended...