Ebook sales surge, print sales in freefall

Ebook sales are continuing their surge, while print sales are in freefall. On the heels of the Borders Books debacle, and reports of Barnes & Noble further cutting shelf space in their stores, it is not a good time to be in the mainstream publishing industry -- especially if you are a traditionally published author struggling for bookstore exposure and an income.

Month after month, the statistics and reports continue to add up to a picture of an industry in chaotic upheaval. But that doesn't mean that authors can't do well if they pursue independent publishing.

David Gaughran provides the latest lucid overview.