Here in the sleepy old UK a band called Arctic Monkeys has been quietly proving that the music business has changed dramatically in the last few years. To be brief, they have got themselves a number-one hit record without benefit of a big record company behind them. Just free giveaways on the web, live gigs, and word of mouth. Or, to be more precise, word of web.
Val Landi sees this as a harbinger of publishing's future. So do I. But I don't think it's going to happen quite as fast or be quite as dramatic as some.