The document summarizes the rise of digital publishing and ebooks. It discusses the technology drivers that are enabling growth in ebooks, such as smartphones, e-readers, and cloud computing. It also outlines opportunities for publishers and authors in digital publishing, including monetizing the larger casual reading market and self-publishing ebooks through platforms like Smashwords. The document concludes that the conditions for ebooks to succeed are better than the failed early 2000s attempt, due to improved reading technologies and format standards, as well as involvement of companies like Amazon, Apple, and Google.