Million Little Pieces may Cost Publishers Millions

Anonymous Patron wrote in with an update on the James Frey debacle from Guardian Unlimited:

James Frey, the discredited author of the fake memoir A Million Little Pieces, has another bizarre tale to add to his next volume. Readers who bought his book under the impression that it might be a true story are to be offered a full refund.

Seattle Post-Intelligencer also has coverage. So what’s the NY Times going to do for subscribers to Jayson Blair’s work, or publishers of retracted or fraudulent articles?