Friday, December 09, 2011
AFTRA Negotiates Network TV Contract
The American Federation of Television and Radio Artists, AFL-CIO... today announced that AFTRA members have reached a tentative agreement with the four major television broadcast networks (ABC, CBS, NBC and Fox) and other producers on terms for a successor agreement to the AFTRA National Code of Fair Practice for Network Television Broadcasting, aka, the "Front of the Book."
(from Deadline.com). Note that the 2% wage increase for each year amounts to a 1.5% pay cut per year since it does not keep up with the
inflation rate in United States [which] was last reported at 3.5 percent in October of 2011 (inflation data from Trading Economics who got their data from the US Bureau of Labor Statistics).
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