The problem with the whole "physical publishing is DOOOOMED
" narrative, I feel, is twofold: It fails to take into account either the potential of small publishing houses (particularly specialist publishers) to fill the void left by larger conglomerates or
the power of the physical medium as a sensory experience. The latter is especially important, in that by assuming that the words are the sole thing that matter, we miss the fact that reading a book is very much a tactile
experience, one influenced by the size, shape and other physical qualities of the volume in hand. There's also the fact that a word might catch your eye on a page where it wouldn't on a screen, and how the flipping of pages allows for serendipity in the exploration of certain kinds of book. All in all, while I doubt that electronic media is going to die out in publishing, I don't think that the book as a medium is anywhere close to dead.