Social media, crowdsourcing, content farms, wherever you looked there was somebody aiming to put traditional publishers out of business.
People were understandably scared. Red ink spewed everywhere. Layoffs at major media companies were rampant. Yet today, publishing is becoming a hotbed of innovation.
Major publishers like Conde Nast, Hearst and Time Inc. are transforming themselves while upstarts like BuzzMedia, Say Media and Glam Media are building new models altogether. There are significant challenges ahead and, inevitably, some will falter. Nevertheless, the future of publishing is brighter than ever.