John is funny and says it as he sees it. Here is a story of John working on a book with a publisher and then working on another book by himself. The talk highlights whats wrong with the publishing business. I think it outlines the challenges most established businesses have with the advent of the new networked model of connected consumers, businesses and value drivers. I think we are on the verge of a break out in rethinking business models and the ways we do things.
To give more data to support the notion that the publishing business is broken, read this post by Brad Feld on why he launched a brand new publishing company called FG Press