03-27-2007, 02:59 PM
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 | Puritanboard Librarian | | Join Date: Jun 2004 Location: Warrenton, VA, USA
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From the article cited above: Quote:
The $625,000 check from Crossway Books received this summer carried with it a bit of irony. Well before Edgar was elected to the NCC's chief executive post in late 1999, the council had sold special rights to its Revised Standard Version Bible to Crossway. That publisher edited "a derivative" version for a theologically conservative market--the English Standard Version. Other publishers with rights from the NCC use the updated NRSV translation.
Rather than stringing out royalty checks over the term of the ten-year contract, Crossway negotiated a large advance payment. "It's a Win-win situation for us both," said John Briscoe, NCC director of development. The sum in turn enabled the NCC to erase a debt owed to Church World Service arising from their organizational separation last year, said Briscoe. "Now, we have no squirrelly footnotes in our auditor's report on this long-term [ten-year] obligation to CWS," he said. "Having a clean, clean audit is a critical part of rebuilding confidence from our [member] communions, foundations and donors."
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__________________
Andrew Myers
Husband of Jessica, Father of Jackson, Katie and Samuel
Member, Presbyterian Reformed Church of Northern Virginia
Warrenton, VA USA
Editor, The Matthew Poole Project
"Let your Morning Thoughts, and your last Evening Thoughts, be what shall become of you to all Eternity." -- Matthew Poole
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