I believe (or perhaps merely couch hope in its more optimistic cousin) that most will survive and will adapt because there will always be a legitimate need for university presses and their variegated missions and there will be enough far-seeing folks at the presses, in the universities, and in the legislatures to help them by. But these are troubling times, and the fact that many will survive and adapt is probably slim solace for those that do not. Genoways' essay is essential reading for anyone who loves books and journals, especially literary journals, and who understands what a central role publishing ought to be to serious universities. Let us hope his cri du coeur does not go unanswered.
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