The venerable ‘New York Review of Books’ spills a lot of ink well on the matter at hand:

These and other solutions will emerge opportunistically in response to need, as such solutions usually have. It is futile at this early stage, however, to anticipate the new publishing landscape in detail or to specify the rate of evolution, which will be sporadic and complex, or the future role of traditional publishers as digitization advances along a ragged and diverse front, while publishers, writers, and readers adapt accordingly. Timing will be apparent only in retrospect.


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