Posted on 07/14/2009 8:22:42 AM PDT by rightwingintelligentsia
At a time when publishers are scrambling to keep customers willing to pay $26 for a hardcover book instead of $9.99 for an electronic version, the publisher of Senator Edward M. Kennedys forthcoming memoir is going in the opposite direction - issuing a limited edition it plans to sell for $1,000 a copy.
Twelve, an imprint of Grand Central Publishing, is planning to issue 1,000 copies of a leather-bound, electronically signed edition of True Compass and sell them through the website of Hachette Book Group, the parent company of Grand Central. Although publishers and licensed contractors do occasionally produce collectors editions on various titles, such a premium version is quite rare.
Kennedy, 77, reportedly received an $8 million advance for the memoir that he wrote in collaboration with Ron Powers, an author of Flags of Our Fathers, about the Marines who raised the US flag at Iwo Jima during World War II, and other biographies. Kennedys book was originally scheduled for a 2010 publication date. Twelve is now planning to release the regular hardcover edition on Oct. 6, with a retail list price of $35. It is planning an initial print run of 1.5 million copies.
(Excerpt) Read more at boston.com ...
ACORN buys 7,00 copies.
United Auto Workers buys 16,900 copies.
Teamsters Union buys 10,000 copies.
Goldman Sachs buys 100,500 copies.
Single sales to average Americans buys 9 copies
Get the picture?
Waterproof? Does it come with a little compartment where you put your weed?
Hmmm. Whenever a Dem has a co-writer or a ghost writer the press never says "Too stupid to write a book. He/She's likely an illiterate."
The publisher must figure there are at least 1,000 Kennediots that will pay a grand to have something from the last and least of the Kennedy family generation that actually did something.
No, there apparently will be a regular hardbound edition in addition to the “limited” edition leather bound version. Still to make $8,000,000 smackers in authors royalties, at about 15% of cover price of $35, you gotta sell about 1,500,000 copies. Ain’t. Gonna. Happen. Even with paperback sales. Hope the publisher’s shareholders appreciate their dividends going to Hyannisport. (Ted probably had the editors over for a clambake and a cruise around Martha’s Vineyard.)
trash!
You forgot about the libraries... they LOVE liberal books although they just sit on the shelves...
Probably will wind up somewhere in the low thousands in popularity on Amazon.com but the NYT will hail it as a number one seller on their list ....
This is the only book about Ted Kennedy you will ever need, and it's available at Amazon for $6.19.
What does Ted need with eight million dollars when he’s nearly dead? Eight million dollars won’t buy Ted even an icecream cone in Hell.
“True Compass”?
Is that meant literally? If so, too bad he didn’t have one of those things in his car when he went off the bridge at Chappaquiddick.
Or is it meant metaphorically, suggesting that he steers a straight course morally? As in getting drunk every day, murdering his girlfriend, or helping to murder millions of innocent babies for convenience?
Just curious who thought up that title.
bttt
If every library in the United States ordered two copies, that’s 1/4 quarter Million. 1,500,000 in hardback sales Ain’t. Gonna. Happen.
The title “True Compass” strikes me as a bit ironic, since it was taking the wrong turn down the dirt road that caused him to end up in the drink and the girl who was riding with him to drown.
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