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The Academic Book of the Future Project has published the findings from its 2 year project.  The report by Marilyn Deegan states that:

the academic book/monograph is still greatly valued in the academy for many
reasons: the ability to produce a sustained argument within a more
capacious framework than that permitted by the article format; the            
engagement of the reader at a deep level with such arguments; its
central place in career progression in the arts and humanities; its
reach beyond the academy (for some titles) into bookshops and into
the hands of a wider public. It seems that the future is likely to be a
mixed economy of print, e-versions of print, and networked
enhanced monographs of greater or lesser complexity” (pg. 7)

The reports  are available in full to to read from the project website

Outputs from the research project have also been published as a BOOC (Book as Open Online Content) published by UCL Press and can be accessed here