Literary Presidential Payday

Today Page Six speculated that George W. Bush cut a $7 million deal for his leadership memoir with the working title, “Decision Points.” At the same time, reports surfaced of President Barack Obama‘s recent literary endeavors.

According to an a recent report, the President received a $500,000 advance from Crown Publishing Group for a younger reader version of “Dreams from My Father.” In addition, he will receive a percentage cut on paperback and hardcover sales in the United States. GalleyCat looks forward to another NSFW audiobook.

Here’s more from the article: “As part of the deal, he also will deliver a new nonfiction book after he leaves office. Obama didn’t indicate how much his deal for the new book might be worth. Terms likely would be negotiated at the end of his term.”

Create a social media strategy, launch your campaign, and track the results in our Social Media Marketing Boot Camp starting February 16. The online event and workshop will feature speakers including The Onion‘s Baratunde Thurston (left), Facebook’s Morin Oluwole, and bitly’s Tim Devane. Register now.