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Print publishing continues to show remarkable resilience even in the face of electronic publishing and self-publishing.
When ebooks exploded on the scene, experts predicted that the end of print publishing was nigh. Environmentalists loved ebooks because they saved trees. Consumers liked them because, minus printing and distribution costs, they cost less. Many rushed out and bought e-readers. How we consumed books forever changed.
But did the advent of electronic publishing deliver a fatal blow to print publishing, and how has self-publishing affected the industry?
Has digital killed the publishing industry?
The first ebook appeared in 1998. Surely, twenty-two years is enough time to kill the publishing industry. Yet, publishing houses, bookstores, and libraries are still around. Despite that, many skeptics still believe print publishing is on its way out. But is it really?
According to IBISWorld, the global book publishing industry (print, electronic and audio) is a $110 billion market with nearly 16,000 businesses and over 300,000 employees.
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