As an interesting additional note, the speaker noted that
The major barriers for these industries entering the digital age: They are ridden with local politics, have an embedded employee base, and have a disproportionate number of non-profits attached to them. The way that we run our lives is changing. The key for these industries is figuring out how they can keep up.
Well, those are some arguments that are hard to deny. The non-profits element is an interesting observation. Most college stores are non-profits, but as a colleague of mine is fond of noting, that is a tax status, not a business model. However, it would be interesting to ask if the cost of textbooks would truly decrease if the businesses were all for-profits instead. I am skeptical, but willing to ponder the possibility. Any thoughts?