Kris Rusch gives the legacy publishing doom-mongers an absolute skewering on her blog here, using only the power of actual facts and figures.

“For many in traditional publishing, the world is ending. Their clout is vanishing and their ability to understand what is going on is vanishing with it. They’re rearranging deck chairs on the Titanic, wondering why it has suddenly gotten so cold. Yeah, they may survive in the future, but they’ll always remember the night they hit that iceberg—and the surprise they felt.”