LitKicks responds to the latest wave of "death of the book industry" articles:

The bumpy ride will continue, because book publishing has never been
anything but an exciting and high-risk industry. It’s aggravating, though, to
hear commentators like Daniel Mendelsohn claim that new media has harmed book
sales, or that internet publishing has anything to do with industry problems. I
can’t repeat this fact enough: we spend over $30 billion a year on books. That’s
plenty enough revenue to allow any industry to prosper.