I too work in the publishing industry and from what I'm hearing is magazine sales are WAY down the last two years and books have been trending down for the last two years as well, but not to the same degree.
My employer had exited the market in several magazine communities and have been publishing fewer, but more solid and bankable books recently. What this ment for me is smaller departments and cuts each of the last two years as titles were axed and people let go.
I used to sit on the other side of one of the book publishers and hearing him talk to authors, telling them that he's love to publish the book, but had to see sales figures on the releases of books already in the pipeline before committing.
We're also publishing many of our books for the Kindle and iPad, so I believe there is a place for both to exist.
I own a second generation Kindle (I gave it to my DH) and my new Kindle is due to arrive any day and I'm really looking forward to it!!!
Shannon



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