Publishers Weekly articles are thick and plenty describing how the traditional publishing world is embracing or at least co-existing with "indie publishing."
Here's what Entangled Publishing has to say: we believe authors who write great books should receive a majority of the profits. We also believe authors interested in the lucrative indie publishing model shouldn’t have to sacrifice quality editing, commercial covers, or the power of a New York-style marketing machine. Their model is one of many that is taking advantage of the digital age of publishing.
I'm not the first person to say this 'age' is a game-changer like the Gutenberg Press. It's been exciting to hear the change at conferences over the past five years. Back then people were fearful of what e-readers would do to books: would they even exist anymore? Couple that with the recession, and it was all doom-n-gloom. New models are popping up to get your books in front of your audience. The tide has turned; surfs up!