Not sure if this has been discussed yet. It's a very interesting article about the future of traditional publishing based on the views of an industry insider.
http://pandodaily.com/2012/01/17/con...ng-to-kill-us/
In short, he thinks Amazon is going to destroy them all.
Quote:
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We can’t pay $1 million for books anymore. Amazon could probably afford to lose $20 million/year in their publishing arm just to put the other publishers out of business. I think that’s what they’re trying to do–throw money around in an industry that doesn’t have any, until Amazon becomes not only the only place where you buy books, but the only place that publishes books, too.
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