N.Y. Post

:

I-MADE-it-up memoirist James Frey’s new megabucks book deal has exploded into a million little pieces. Frey had a deal with his current publisher, Penguin-owned imprint Riverhead, for two more books, which was inked just before it was scandalously revealed last month that Frey had fabricated much of his story. The reputed new seven-figure contract included Frey’s “first” novel, a “multi-voiced, multi-threaded story of contemporary Los Angeles,” slated for publication in fall 2007. But a publishing source told PAGE SIX’s Jared Paul Stern that Riverhead decided the author was too much of a liability and has just nixed the deal after much discussion. “That is correct, and we have no comment,” Frey’s rep says.

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