How Did NY Gov. Cuomo Make $783,000 From A Book That Sold Only 3,200 Copies?
Posted by Tyler Durden on April 24, 2017 12:35 am
Tags: Andrew Cuomo, Business, Cuomo family, Fox News, HarperCollins, International Business Times, Kennedy family, Lobbying in the United States, new york city, New York State, New York State government, news corp, News Corporation, Rockefeller Center, Rupert Murdoch
Categories: Andrew Cuomo Business Cuomo family Economy Fox News HarperCollins International Business Times Kennedy family Lobbying in the United States new york city New York State New York State government News Corp News Corporation Rockefeller Center Rupert Murdoch
Fox News Channel parent News Corporation may be wrapped up in the sexual harassment accusations surrounding host Bill O’Reilly, but, as International Business Times’ Lydia O’Neal reports, the company is facing another long-running scandal involving what appear to be exuberant payments to a Democrat – payments that occurred even as News Corp. was lobbying the New York State executive branch, which Gov. Andrew Cuomo oversees.
The New York governor, whose memoir was published by the News Corp.-owned HarperCollins in 2014, saw his gross income more than double last year, to $417,748 for 2016 (from $196,243 the year before), the Buffalo News reported Tuesday. Cuomo attributed $218,100 of that increase to sales of his memoir, “All Things Possible: Setbacks and Successes in Politics and Life.”
In 2015, the governor reportedly earned zero income from book sales and in the nearly three years that it’s been on the market, it has sold just 3,200 copies. But Cuomo, the Buffalo News found, reported that he received a total of $783,000 from HarperCollins in book sales over the past three years, a number that would translate to royalty payments of nearly $244.69 per copy.
Today, the book was selling on Amazon for $8.45.
A spokesperson for Gov. Cuomo told International Business Times, “This payment was contractual and per the agreement with the publisher.” A spokesperson from HarperCollins said the publisher does not “comment on financial matters relating to our books.” News Corp. did not respond to IBT requests for comment.
News Corp., in the meantime, was registered as a lobbying client as recently as December 2016, according to the New York State government lobbying database. The mass media company, created and headed by Executive Chairman and former CEO Rupert Murdoch, has a long history of lobbying Cuomo’s office for the passage of bills beneficial to its businesses, as previously reported by IBT.
Government documents reviewed by IBTimes show that News Corp. and its subsidiary Twenty-First Century Fox, Inc., through the law firm Greenberg Traurig, put tens of thousands of dollars behind efforts related to state legislation from the executive branch that affected the media industry, while paying Cuomo book royalties.