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The golden days of the traditional publishing companies are rapidly become a thing of the past, much to the amusement and relief of many self published authors. With the rising popularity of ebooks, encouraged by the explosive growth of ereaders, tablets, and iphones, a person has the ability to carry around over ten thousand books with them. Additionally, with the growing availability of self publishers; (ie Smashwords, Kindle Direct publishing, ect.) many authors have chosen to forgo the traditonal publishers all together, and strike out on their own. The traditional publishers, of course, are up in arms, seeing their industry slowly circling the drains.
As time goes on, new technologies move in to replace the old, and we let go of the obsolete. The days of lugging around bulky books has come to an end, and the dawn of a new era has come. The traditional publishers golden days are now far behind.
And coming from a self published author of ebooks, I say good riddance!
That's just one author's opinion.