Booking Layoffs [Simon and Schuster Canning Employees to Pay Hillary's Book Advance]

US News and World Report ^ | Week of June 28, 2003 | Paul Bedard

[ewing]

BOOKING LAYOFFS

Predictions in the slumping book industry that blockbusters like New York Senator Hillary Rodham Clintons tell-little biography would revive sales are dying fast.

Washington Whispers is told that Simon and Schuster publisher of Clintons 'Living History,' is planning a second round of layoffs.

One reason: Advances to Authors are too high.

[ewing]

Couldnt happen to a nicer person.

[Paul Atreides]

You should have posted a hysterical laughter alert on this one.

[Pan_Yans Wife]

It's time for Hillary! and Daschle to release a joint statement about the publisher's lay-offs saying that they are deeply saddened, and they want Congress to investigate the Bush administration and find out who is at fault, at once.

[ewing]

Or a snicker alert..

[ewing]

Hills is contributing to an economic slowdown!

[gov_bean_ counter]

Hillary has already said she can't be responsible for every undercapitalized company in the US.

[Paul Atreides]

Well, remember, she can't be responsible for every under-funded business.

[Political Junkie Too]

More Clinton crony looting.

The National Treasury.
The White House.
Air Force One.
The USS Theodore Roosevelt.
Global Crossing.
Simon and Schuster.

-PJ

[Paul Atreides]

She got her money, what does she care about anyone else?

[ewing]

Great minds think alike!

[ewing]

The Clinton LIE-Brary?

[Uff Da]

She got her money, what does she care about anyone else?

Oh, maybe Hillary will give back her $8,000,000.00 so Simon and Schuster can avoid laying off their employees...That amount would go along way in salaries, don't you know !!

[TheBigB]

JULY 31, 2003...in response to all-but-pathetic sales of former First Lady/US Senator/lying scumbucket Hillary Rodham Clinton Cougar Mellencamp's book "Lying Hysterically", Senator Barbara Boxer (D-Hell) today introduced a bill making it a "hate crime" not to purchase one of Senator Clinton's books. "This bill will promote tolerance and diversity. Anyone who disagrees with it is a racist homophobe!" When asked how exactly one could square the bill with other documents such as the US Constitution, Sen. Boxer replied, "How the Hell should I know? I have an IQ lower than that of a Cocker Spaniel. Are you a racist? What's the frequency, Kenneth?? The cheese stands alone!"

[Billthedrill]

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?

[ewing]

No one will remember anything in the liberal media except the fact that she sold out the first printing..

[capydick]

Another unintended consequence brought to you by the enablers propping up the Grifters.

[bedolido]

This is great news... too bad they bury it and the major news doesn't pick it up.

[marlon]

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?

[marlon]

Soory that should read (their money)

[marlon]

Sorry that should read (their money)