According to many reports, HarperCollins, a subsidiary of Rupert Murdoch's News Corp., has issued a press release announcing that ex-Gov. Palin is under contract to be involved in the production of another book, thus far untitled. The release says this new project will be "a celebration of American virtues and strengths," and will include selections from classic and contemporary texts, profiles of people whom Palin admires (probably President Reagan, we're guessing, but not Eugene Debs), as well as illustrative personal reflections. Read a copy of the press release posted by Time Magazine, here, but don't expect to find details on the financial terms. Finally, most reports we've seen today pretty much repeat the release, so if you know of a more involved report, please let us know.