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.)
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