Mandy makes a mint on Times deal

The serialisation of Peter Mandelson’s memoirs from his time pulling the Labour government’s strings is believed to have netted the ex-secretary of state around £350,000.

That’s on top of a separate deal of an advance for the book, which is thought to be in the region of £150,000.

The deal between Mandelson and The Times also gave the newspaper’s sales a shot in the arm, with sales increasing by more than 100,000 copies throughout the week.

The Times is reported to have made 35,000 sales on Monday, and around 30,000 on both Tuesday and Wednesday.

‘The Third Man’, Mandelson’s recollections of his time spent working under Tony Blair and Gordon Brown has caused a storm among the Labour party after elaborating on the deep rifts between Blair and Brown.

The Times promoted the serialisation heavily, with adverts starring Mandelson as the ‘Prince of Darkness’ invading television screens across the country.

(S​o​u​r​c​e​:​ ​M​e​d​i​a​G​u​a​r​d​i​a​n )

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