Paper will survive the Digital Age, but publishing will never be the same business again. From Carolyn Kellogg at the L.A. Times:

“Ninety-eight British publishers closed their doors in the year ending August 2013. The cause? E-books and online discounts.

Closures were up 42% over the previous year, according to the Guardian. The companies that folded included the 26-year-old healthcare publisher Panos London, and Evans Brothers, which published popular children’s book author Enid Blyton for 30 years.

During 2012, e-book sales in Britain rose by 134% to more than $346 million. While print sales still dominate the bottom line in Britain with more than $4.6 billion in sales, that total was a 1% drop from the year before. The trend is toward e-books, and that trend has not been good for publishers.”