VENTRELLA: Has the publishing industry changed as dramatically as everyone says since that time?

WILLIAMS: It’s always been a small-margins business, but the advent of electronic media and the internet have really confused things. Nobody knows what publishing’s even going to look like in ten years, but I think it’s likely it will be less vertical — that is, one company buying books, editing books, designing books, printing books, binding books, warehousing books — and more of a collaboration between smaller businesses. Also, electronic media are only going to become a bigger part of the industry.

Read the full interview here: Michael A. Ventrella’s Blog