from the management of the Philadelphia Orchestra:

Musicians Among Top Two Highest Paid Orchestras In Country While Association Maintains Fiscal Stability

PHILADELPHIA, Nov. 19 /PRNewswire/ -- The Philadelphia Orchestra Association and the musicians of Local 77 of the AFM agreed tonight to a three-year contract which balances the salary and pension requests of the musicians with the Association's need to operate in a fiscally responsible manner. Under the new contract -- which extends through September 19, 1999 -- the musicians will receive the second highest base salary, as well as pension, of any orchestra in the country. At the same time, the Association will be able to work within the financial parameters necessary to maintain long-term fiscal stability.

"With the help of David Cohen and the Mayor's office, this carefully crafted contract creates a balance between the expectations of musicians and the financial interests of the Association," said Peter Benoliel, chairman of the Philadelphia Orchestra Association Board. "It allows us to preserve the financial health of the Orchestra for subscribers, donors and musicians. I am relieved that the strike is over and that members of the concert-going public will be able to hear the great music of The Philadelphia Orchestra once again."

Joseph Kluger, president of the Philadelphia Orchestra Association, said he is particularly pleased with the concept of the new media company. "This is an opportunity for The Philadelphia Orchestra to take a leadership role in creating innovative solutions to the challenges our industry faces to increase recording and broadcasting activities," Kluger said. "By working together with our musicians, I am confident that this partnership will increase electronic media activity for The Philadelphia Orchestra."

The Orchestra begins its 97th season -- its fourth under the leadership of Music Director Wolfgang Sawallisch -- on Tuesday, Nov. 19, with a concert conducted by Assistant Conductor Andre Raphel Smith, featuring Shostakovich's Festive Overture, Grieg's Holberg Suite and Tchaikovsky's Fifth Symphony.

Details of contract follow. For more information about the concert schedule, please see the previous release.

Highlights of the Cohen three-year compromise proposal:

CO: Philadelphia Orchestra


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