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The 3rd Annual Tony Awards were held on April 24 1949 at the Waldorf-Astoria Grand Ballroom in New York City and broadcast on radio station WOR and the Mutual Network. The Masters of Ceremonies were Brock Pemberton and James Sauter. The silver Tony medallion designed by Herman Rosse was awarded for the first time. The face of the medallion portrayed an adaptation of the comedy and tragedy masks and the reverse side had a relief profile of Antoinette Perry.

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