Former New York Times executive editor Jill Abramson, who was fired from that job last May, is laughing all the way to the bank. The New York Post reported that Simon & Schuster will pay her what is believed to be about $1 million for her new book on the future of the media.
While this seems like a lot of money to give to a former newspaper executive on a subject she seems ill suited for, and about which few people are likely to be interested in, at least Simon and Schuster won’t lose as much money as they did on Hillary Clinton’s last book. But Abramson is confident she is up to the task:
‘I’ve been a front-line combatant in the news media’s battles to remain the bedrock of an informed society,’ Abramson said in a statement released to The Post. ‘Now, I’m going to wear my reporter’s hat again to tell the full drama of that story in a book, focusing on both traditional and new media players in the digital age.’
What the book won’t be, according to Simon & Schuster, is a “score-settling book.” Yet that is exactly the type of book that would probably sell and be worth that size of an advance.