Obama Signs Book Deal For Post-Presidency Book
Submitted by FWO3 on March 19, 2009 – 11:53 amNo Comment
WASHINGTON — President Barack Obama, the best-selling author who received royalties of $2.5 million last year, has signed a deal for a youth-oriented version of his published memoir and a nonfiction book after he leaves office.
Obama reached a deal in early January, shortly before his inauguration, for an abridged version of “Dreams From My Father” that would suitable for middle school or young adult readers. Crown Publishing Group is giving him a $500,000 advance plus 15 percent of the U.S. sales price for hardcover book sales and up to 10 percent for the domestic price for paperback sales. By Sherry Theimer Source: The Huffington Post. Click here to read more.
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