What's Wrong With the Book Industry?

James Frey’s million dollar advance.

Taking into account all personnel, marketing, production, translation expenses, it costs about $35,000 for a publisher to do a work of literature in translation.

Using this figure as the base, just the advance for Frey’s new, and I’m sure, uber-craptastic, novel is worth 28 translations.

(Great that Gawker catches him in another lie re: writing short stories.)