I don't see how Macmillan has a long-term future under their current business model. Arguably their best hope is to go into competition with Amazon and sell eBo

I don't see how Macmillan has a long-term future under their current business model. Arguably their best hope is to go into competition with Amazon and sell eBooks directly, at razor-thin margins. Technology is driving their margins down just like everybody else's; the only question is if Macmillan will be around (and lean) in ten years, or just a memory.