New York, New York.(Briefs)(Hersha Hospitality Trust opens in Lexington Avenue)(facilities of Storage Deluxe and Artex Fine Art Services)(usage of internet by League of American Theaters and Producers)

Crain's New York Business, January, 2007 by Block, Valerie

Byline: edited by Valerie Block Author inks big deal Investigative reporter Ron Suskind (left) just got a windfall, industry sources say. After publishing his last two newsmakers with Simon & Schuster, the best-selling author of The Price of Loyalty, about former Treasury Secretary Paul O'Neill, has jumped ship--for a price.

According to an industry source, HarperCollins senior editor Tim Duggan outbid Simon & Schuster with a $5 million offer for two books. A HarperCollins spokeswoman confirmed the acquisition but declined to comment on the price or the subject matter. The deal was orchestrated by Andrew Wylie, an agent famous for obtaining bigger paydays for his authors by moving them to new houses. The project has been so hush-hush that editors at a...

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