A New Species or Just A New Dinosaur?

If the dinosaurs of publishing are truly dying off, is this another sign of the rising of a new species or just an evolutionary adaptation to stave off extinction for a while longer?

Two powerful entertainment moguls, Scott Rudin, the film and theater producer, and Barry Diller, the chairman of IAC/InterActiveCorp, are joining together to enter the turbulent world of book publishing.

They are hoping that a brand new enterprise, without the legacy costs and practices of traditional publishing, can find traction.

via Barry Diller and Scott Rudin Form E-Book Publishing Venture – NYTimes.com.

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