Brown is hoping to ride on the success of her biography of Princess Diana, The Diana Chronicles, which sold more than 300,000 print copies, and was included as a New York Times bestseller last year.
According to Publishers Weekly, The Clinton Chronicles will be edited by Phyllis Grann, who obtained US rights from Ed Victor, a successful literary agent, for an unknown amount. Grann reportedly paid $2 million to acquire Brown's The Diana Chronicles, published last summer.
Conde Nast is switching things up at Flip.com, a social networking site created for teenage girls. After an unsuccessful launch, the company is changing directions for Flip to appear as a web application on social networking platforms like Facebook.
CosmoGirl! is enlisting the help of teen correspondents to act as political reporters in covering the 2008 presidential race. Two 18-year-old readers were chosen from a nationwide search, and will be filing blog posts and video dispatches for CosmoGirl.com.
Bank of America is buying Countrywide Financial for $4 billion in an all share deal. BoA will acquire Countrywide for about $7.16 a share in stock, according to a statement from the mortgage lender.
The Weinstein Company, a Hollywood independent film company, has accomplished a separate agreement with striking writers, similar to the deal made last week by United Artists.
It looks like Tiffany Co. is losing its luster. Although tourist shoppers boosted sales at its flagship Fifth Ave. shop, Tiffany shares were down $5.38, or 13%, to $34.94 in afternoon trading, according to the Wall Street Journal.