Wednesday, November 07, 2007

Regnery calls Dick Miniter "disgruntled."

Pass the popcorn.
Five authors have sued the parent company of Regnery Publishing, a Washington imprint of conservative books, charging that the company deprives its writers of royalties by selling their books at a steep discount to book clubs and other organizations owned by the same parent company.
...
In the lawsuit the authors say they receive “little or no royalty” on these sales because their contracts specify that the publisher pays only 10 percent of the amount received by the publisher, minus costs — as opposed to 15 percent of the cover price — for the book.

Mr. Miniter said that meant that although he received about $4.25 a copy when his books sold in a bookstore or through an online retailer, he only earned about 10 cents a copy when his books sold through the Conservative Book Club or other Eagle-owned channels. “The difference between 10 cents and $4.25 is pretty large when you multiply it by 20,000 to 30,000 books,” Mr. Miniter said. “It suddenly occurred to us that Regnery is making collectively jillions of dollars off of us and paying us a pittance.” He added: “Why is Regnery acting like a Marxist cartoon of a capitalist company?”

Er, isn't the point of capitalism to maximize profits? Wouldn't it be Marxist for Regenery to share them with the proletariat?

And just imagine, if you will, that Regnery was Air America and Al Franken was suing them. The Anchor Baby and Putz would be doing somersaults today.

UPDATE

Dick has taken the fight to Regnery today, whining:
For a long time, Regnery was the only house that would publish conservative books. My fellow authors and I now realize that it used its monopoly position to take advantage of conservative authors. Like the only gas station in Death Valley.
Maybe no one was interested in your manuscripts because your "conservative" books sucked ass. And maybe you should be grateful, therefore, that Regenery's wingnut welfare program has published you at all.

Continues whining Dick:
Regnery’s practices actually mar the intellectual landscape. It encourages conservatives to write cheap books—blasts of opinion—rather than reported books, which take years and hundreds of thousands of dollars. Those who have invested in serious, reported books found it very hard to break even, even with massive New York Times bestsellers. I am talking about books like those by Gertz, which takes readers inside the national-security apparatus or Corsi, which revealed Kerry’s Vietnam record.
I don't think Dick knows the meaning of the word "revealed."

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