Stewart writes prison book

Lifestyle guru Martha Stewart's five-month jail stint could become a lucrative experience for her - she's penning her prison memoirs.

Stewart has reportedly asked her lawyer Allen Grubman's aides to pitch her proposed literary offering to New York publishers, while she serves her sentence in a West Virginia institution.

One book industry insider says: "You'd think that they would wait until she got out to pitch this so that she has the credibility to do it as a redemption story.

"It sort of seems like they've got the whole thing a**-backwards."

However, New York magazine claims many publishers are excited by the prospect.

Judith Regan says: "If it's a good story, I'm always interested."

Miramax Books are also reportedly interest in winning the rights to Stewart's work.

In March, Stewart was convicted of lying to federal investigators about a suspicious sale of her ImCLONE shares and is pursuing an appeal while she serves time behind bars.