The publication of the latest e-book and physical book numbers show how far the publishing industry has gone in a short period of time, where it is going, but sadly not how to get there. The unvarnished truth is that e-books are keeping our heads above water, but the pace of change is also hindering our capacity to swim. For the first time the data, published in the Publishers Associations Statistics Yearbook 2011, shows an industry where digital transference is real: those bits of the business that are growing in digital did well, those which are not, did less well.

FutureBook: The Bookseller