Sci-fi writer Bruce Sterling has composed a list of eighteen challenges that the publishing industry faces. Here are a couple.
1. Literature is language-based and national; contemporary society is globalizing and polyglot.2. Vernacular means of everyday communication — cellphones, social networks, streaming video — are moving into areas where printed text cannot follow.
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9. Digital public-domain transforms traditional literary heritage into a huge, cost-free, portable, searchable database, radically transforming the reader’s relationship to belle-lettres.10. Contemporary literature not confronting issues of general urgency; dominant best-sellers are in former niche genres such as fantasies, romances and teen books.
I don't know if I've seen the problems so clearly written out before. I recommend you go take a look at the list. And if you're still interested in the death of the publishing industry after that, I hope you'll take a look at my feature about the long death, and uncertain future, of publishing.
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I'd suggest his best points are that there are serious problems with the business model.
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2. Vernacular means of everyday communication — cellphones, social networks, streaming video — are moving into areas where printed text cannot follow.
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