Why It's a Great Time to Be a Reader
"It is hard to imagine that any publisher would not pursue digital initiatives, given the speed with which they are being adopted, but like the booksellers, they also confront distribution and production challenges that are formidable. If the past is a useful guide, there will be continued dynamic change, with winners among them--the iPad, Nook, Kindles, Canadian-based Kobo, POD machines, and such innovators as Mitchell Kaplan--and losers, the most spectacular case being the collapse of Borders in 2011, which sharply reduced the retail shelf space and thus further increased the appeal of e-books. What we can say with certainty is that the transformation of publishing currently under way has demonstrated the viability of books in the digital age. And that is definitely good news. "