Published in New York Magazine

"We ought to give ourselves a round of applause," Scott Lubeck of the Book Industry Study Group said as part of a pep talk to a packed room at New York's Javits Center, as part of the group's annual Big Reveal of industry stats. "We stand around water coolers and say, 'Is the Apocalypse nigh?' But the fact of the matter is the industry is showing resilience." The big conglomerates - your Random Houses and Simon & Schusters - grew only slightly, while the independents grew more. Printed books continued to decline but the exploding e-book market filled the gap. And after years dominated by news-driven nonfiction, fiction - which sells much better in e-books - is now the major growth market.

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