It should be clear to anyone following traditional publishing now that no traditional publisher will fail in 2012 when ebook sales hit the magic 25%. In fact, because of a number of factors, even with paper book sales declining, most traditional publishers are making more money every quarter. Not all, and there will be some major publishing failures coming up over the next five years. But most traditional publishers will just fly through this with profits. The reason, of course, is that they are raking in high margins for every electronic book sold. And that, of course, is thanks to authors and their agents caving in and changing electronic royalties…