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To: ewing
Well, the question is whether the 8 million buckaroos were a good investment from the point of view of Simon and Schuster. I put the breakeven point on this at right around 3 million copies (assuming, very roughly, that the author normally makes 10-15% on hardbounds and that the book sells for an average of about $20 a copy). It was a bad bet, but it wasn't that bad a bet. It simply needed to be a better book, but you can't tell that at the time of writing an advance check.

So it turned out to be pretty much what many of us had predicted - a means for that company to put $8 million into the hands of a favored politician, recover some of it from the public and write off the rest as a business loss. So what else is new?

14 posted on 07/21/2003 9:53:02 AM PDT by Billthedrill
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To: Billthedrill
No one will remember anything in the liberal media except the fact that she sold out the first printing..
15 posted on 07/21/2003 9:54:38 AM PDT by ewing
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To: Billthedrill
But wait a minute, didn't I read a few weeks back that Simon & Shuster claimed Hillary's book was in the black? It seems to me that right at the end of the first week after the release there were stories in all of the papers that S&S was gloating that the naysayers were wrong and that they had already recouped there money and were turning a profit. As a matter of fact they were rushing another 500,000 copies to print due to the overwhelming demand.

Was I dreaming or does anyone else remember this?

18 posted on 07/21/2003 9:58:59 AM PDT by marlon
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To: Billthedrill
You nailed it exactly. Thanks!
22 posted on 07/21/2003 10:02:34 AM PDT by Sunshine Sister
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To: Billthedrill
It simply needed to be a better book, but you can't tell that at the time of writing an advance check.

They were dealing with the Clintons. They should have known better.

-PJ

26 posted on 07/21/2003 10:09:06 AM PDT by Political Junkie Too (It's not safe yet to vote Democrat.)
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To: Billthedrill
So it turned out to be pretty much what many of us had predicted - a means for that company to put $8 million into the hands of a favored politician, recover some of it from the public and write off the rest as a business loss

BUMP!

35 posted on 07/21/2003 10:46:22 AM PDT by Pagey (Hillary Rotten is a Smug, Holier - Than - Thou Socialist)
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