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NYT: Publisher Won't Make Back Hillary's Large Book Advance

10:03 PM, Jun 25, 2014 • By DANIEL HALPER
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The New York Times reports that Hillary Clinton's published, Simon & Schuster, isn't likely to sell enough books to make back her hefty advance.

"Sales of Hillary Rodham Clinton’s new memoir, 'Hard Choices,' declined 43.5 percent to 48,000 copies in its second week on the shelves, according to Nielsen BookScan," the Times reports.

The sales figures put pressure on the publisher, Simon & Schuster, which paid Mrs. Clinton a multimillion-dollar advance to write about her time at the State Department and has invested heavily in the book’s rollout, one of the biggest of the year. …

First-week sales typically account for about 30 percent of the total, thanks to the publicity blitzes that accompany publishers’ biggest releases. That means “Hard Choices” could fall far short of the one million copies that Simon & Schuster shipped to bookstores, industry executives said. (Publishers sell books on consignment and must take back copies that do not sell in the stores.)

The second-week figures also increase the likelihood that Simon & Schuster will not sell enough books to make up for Mrs. Clinton’s advance, said a publishing executive who did not want to speak on the record discussing a competitor’s book.

Some reports claim Hillary Clinton received a $14 million advance for her most recent book, Hard Choices.

Daniel Halper is online editor at The Weekly Standard and author of the forthcoming Clinton, Inc.: The Audacious Rebuilding of a Political Machine.

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