Publishers bid for Hillary Clinton memoirs
NEW YORK (Reuters) - First lady and Sen.-elect Hillary Rodham Clinton is likely to make a publishing deal for her memoirs in the next few days, a source said Thursday, with bidding reportedly reaching close to $8 million.
Publishers believed to be in the running included Penguin Putnam, Farrar Straus & Giroux, Simon & Schuster and Miramax Talk Media Books, New York newspapers reported. None of the publishing companies commented Thursday.
Bidding has reached as high as $7.6 million, newspapers said, approaching the record $8.5 million paid in 1994 for a book by Pope John Paul II.
The first lady has been out of the country, visiting Ireland, Northern Ireland and Britain with her husband, President Bill Clinton, but the book talks have been ongoing and a deal is expected this week or early next, a source said.
Clinton is making a transition from first lady to U.S. Senator, having been elected New York's junior senator last month. She is the first wife of a seated president ever to run for or win public office.
"Hillary has been privileged to live an extraordinary eight years in the White House and, as she's closing out one chapter in her life and beginning another, she wants to share her experiences," said her spokesman, Howard Wolfson.
She intends to donate a portion of the money from any deal for her memoirs to charity, he said.
In the U.S. Senate, book advances are not limited by restrictions on outside income.
Handling the bidding for Clinton is Washington attorney Robert Barnett, New York's Daily News said.
Representatives for Penguin Putnam, Farrar Straus & Giroux, Simon & Schuster and Miramax Talk Media Books did not return calls seeking comment.
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