Posted on 04/23/2017 7:52:38 PM PDT by Leaning Right
Fox News Channel parent News Corporation may be wrapped up in the sexual harassment accusations surrounding host Bill O’Reilly, but the company is facing another long-running scandal involving what appear to be exuberant payments to a Democrat — payments that occurred even as News Corp. was lobbying the New York State executive branch, which Gov. Andrew Cuomo oversees.
(Excerpt) Read more at ibtimes.com ...
Its one of many methods of laundering your money. It could be fresh bribe money, or old ill-gotten gains being laundered into daylight. You pay some intern $30,000 to write your book for you. You collect $10 million as an “advance”; the publisher no doubt takes a generous cut from for his services. Your fellow politicians don’t look too closely at it because they are planning to do the very same thing.
donors bought what copies of the book actually sold. It was probably a payola scam in the first place. a number of years ago, a former speaker of the house lost his job over this exact thing.
> I can’t imagine what the book’s retail price must have been for the Governor to make such a commission on each copy <
The usual royalty paid to an author is around 10% of the retail price. So for Cuomo’s commission to make sense, each of those 3200 books must have sold for $2,446.90.
new math...
Yep. A publisher can advance an author any amount of money it wishes to. If it doesn't make that back in sales, too bad so sad. It's a perfect cover for bribery and it's completely legal.
right
These subversive A$$holes don't even bother to try and hide.
media research
Calling Jeff Sessions >>>>>>
Looks like a crime scene
Didn’t the Obama’s just lasso $60 million for their book deals?
Assuming that the total reported number of copies sold is accurate...I’m wondering where they found 3,200 people who were stupid enough to want to pay money for something Andrew Cuomo wrote.
I’m thinking pretty much the same way he made an $18 mil bonus directing HUD. BTW, wasn’t that what it cost to campaign for governor of New York?
There could be a very simple explanation to this.
Maybe the publisher, to get the book, had to offer money up front in large amounts and take a bigger residue on the book sales.
We’ll say he was offered $500K to publish through them and only received the rest based upon sales or other residuals like future books or per diem for signing trips. Don’t let them goad you into making the guess that it just by a percentage of sales to try to slander someone. We have no idea what his contract says and neither does the International Business Times who should know better than this. Lies.
red
A large cash advance was certainly involved. The percentage-of-sales comments here are being done sarcastically.
But note that only 3200 books were sold. And this book was put out by a well-established publisher. Do you think that those publishers are so stupid that they couldn’t predict that less than 10,000 books would be sold? They knew. This was a bribe.
Sometimes if it quacks like a duck, it’s a duck.
In the words of George Carlin. It’s a club and you ain’t in it.
I read where the DNC bought thousands of books that B.Hussein O. had a ghost writer pen about Hussein’s so called FATHER.
and they gave them a gifts to folks who donated to DNC...and BHO collected the royalties.
AND SUPPORTERS THOUGHT HIS BOOK WAS A ‘BEST SELLER’ LOL
Something like this may have been part of it. There are also all kinds of rights that can be sold, of which the author takes a share. I can’t imagine this one selling overseas, though. Probably a special sale to the DNC.
Out of the 3,200 copies....you can figure NY libraries probably bought 10-percent of the copies. Maybe nationally...another 10-percent were bought. I would take a guess that private readers might have bought 40-percent of the group, and foundations swooped in to buy the remainder....which got dumped in some landfill later.
Most of these $500,000-plus contracts are the same way.
It's called money-laundering, and it's a fine political art.
Talk to Hillary about that.
She teaches doctorates on the subject.
Cattle book futures...
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