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Did You Know
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last edited
by Karin Jue 17 years, 10 months ago
SO YOU THINK YOU KNOW THE STORY BEHIND
WOODWARD,BERNSTEIN & WATERGATE?
HERE ARE SOME NEW REVELATIONS:
Contrary to popular belief, Woodward & Bernstein didn’t single-handedly expose the corrupt Nixon administration.
At the University of Texas at Austin, there are 75 boxes containing 250 reporter pads, interviews, book galleys, typed notes, letters, and memorabilia belonging to Bob Woodward and Carl Bernstein.
The Watergate archives at the University of Texas contain two feet of fan mail.
The duo is credited with making the use of anonymous sources an acceptable journalistic practice.
The first time actor Robert Redford approached Bob Woodward and Carl Bernstein on making a movie about their journey during the Watergate scandal, they blew him off. The idea, however, “planted a seed.” Woodward, contrary to popular belief, brought up the idea of a writing a first person account about Watergate to Bernstein, who initially was against the notion.
The book, "All the President’s Men", intended to illustrate a glimpse of investigative reporting and the state of journalism at that time. It depicted how Woodward and Bernstein had “unearthed facts from relentless digging, how they culled sources, conducted countless interviews, and knocked on doors of timid sources late at night.”
The title of the book was inspired by one of Woodward’s favorite professors at Yale, Robert Penn Warren, who wrote the 1947 Pulitzer Prize-winning book, All the King’s Men.
A key part of the marketing strategy for "All the President’s Men’s" release was finding the appropriate publication to excerpt the book before it appeared in print. Playboy won the bid, paying $30,000 for excerpts in its May and June issues, which sold for $1 on newsstands. In April 1974, Playboy sales went up 10 percent—a phenomenal increase for the magazine.
For the first run in late 1973 and early 1974, Simon & Schuster planned to print 35,000 hardback copies and sell All the President’s Men for $8.95. By June 1974, three weeks before the publication date, Simon & Schuster printed 210,000 books.
Before the book was even published in hard-cover, Warner Paperback Library paid a record $1 million for its paperback rights.
The book was the first written introduction to the name, Deep Throat. In the summer of 1972, only Woodward and Bernstein new of Deep Throat’s true identity; not even the editors of The Washington Post were aware.
By 1974, Woodward (age 31) and Bernstein (age 30) earned a minimum of $567,000 in royalties and rights from the book "All the President’s Men". In addition to the book, Woodward earned $14,874 for speeches at colleges and universities; Bernstein earned $7,894. If they had stuck to their reporting jobs without hitting it big time, Woodward would have earned for that year a measly $15,130.32 and Bernstein $18,527.24.
In April 1976, Woodward and Bernstein had the number one movie, "All the President’s Men", starring Robert Redford and Dustin Hoffman, the number one best-selling paperback (“All the President’s Men”) and the number one best-selling hardback with the release of “The Final Days.”
In the first week the movie, "All the President’s Men", opened, it grossed $7 million (movie tickets at the time were $3).
In 1977, "All the President’s Men" was nominated for eight Academy Awards and won four.
After Woodstein’s partnership was over, the two men barely spoke for a year. On April 25, 1977, they closed the joint account they had opened to handle all their book and movie royalties. The balance was $781.43.
Did You Know
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