Here's some snapshot Canadian publishing statistics from Statistics Canada.
From 2005 to 2006 operating revenues dropped 1.2% after a 3.2% in 2005. Expenses were up almost 1% and added all together the profit was down to 10.3% from 12.1%.
So up a little, down a little - just statistical noise for me.
The more interesting bit was that the export of books was up - and the Canadians seem to have been working hard on this, harder than the Australians and it seems to be paying off.
And even more interesting: while household were spending less on books, magazines and periodicals the trend has been for quite a bit more on books (average household spending on books rose from $86 in 1998 to $111 in 2005).