Meanwhile, over at CNN:
Sarah Palin's publishing and political worlds in collision
We read, from Mary Matalin:
And ...
At which point I pinch the bridge of my nose and shake my head. I think "for which I serve as figurehead" would have been more accurate than "for which I serve as editor-in-chief." It's clear that she hasn't a clue about the business side of the house, and didn't check with any of the day-to-day editors, or the publisher.
In sober fact, the publisher makes a profit long before the book earns out. (Exception: when the advance is some ludicrous amount that is offered for something other than book-selling business reasons. When they start playing that game, all I can say is, "Don't gamble with money you can't afford to lose.")
Still, any number of people are going to see that codswallop, and think that an Editor Said So, So It Must Be True.