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Loved this observation at the very end of the piece:
"publishers are currently running their business in a way that punishes both their end-user customers (readers) and their providers (authors). This was sustainable when publishers faced no meaningful competition. They do now, and will have to adapt or die, because yes, more and more authors are eschewing the legacy model in favour of self-publishing and in favour of the emerging Amazon hybrid model."
My bet is that many will begin to adapt only after it's too late. Line up the coffins.
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