Answer:
False
Step-by-step explanation:
The rise of the internet and new media have certainly impacted the publishing industry and introduced new challenges, but it is still considered a major worldwide industry. While digital platforms and self-publishing options have gained popularity, traditional publishing houses and printed books still hold a significant market share and continue to be widely consumed globally. The publishing industry continues to evolve and adapt to the changing landscape, but it is still an influential and important sector.