University of Michigan Press is going digital.

The University of Michigan Press announced that more that at least 50 of the more than 60 monographs they produce each year will now be released in digital form.

While a system will be in place for readers to create print-on-demand versions of the individual texts, digital copies will be the main form for the majority of the press' output.

This is huge, and I fully expect a bunch of university presses to follow suit very soon. Especially depressing/honest is this quote:

"I have been increasingly convinced that the business model based on printed monograph was not merely failing but broken," said Phil Pochoda, director of the Michigan press. "Why try to fight your way through this? Why try to remain in territory you know is doomed? Scholarly presses will be primarily digital in a decade. Why not seize the opportunity to do it now?"