Quote:
Originally Posted by fjtorres
It depends on *how* they got that increase.
Auto companies (to single out just one industry) the world over have been in overall decline for decades yet they still manage to grow revenues in most years.
Sometimes short-term "growth" comes at the expense of long-term suicide.
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Largely through a doubling of eBook revenues, according to the article I linked to. That's what I don't quite understand, you see: if I were to believe what I read on this site, I'd probably think that traditional publishers were on their last legs, but the financial results just don't bear that out. Penguin had an 8% increase in profit last years; Random House a 7% increase. Does that really indicate an industry which is in terminal decline?