Yourcodenameis:milo cause turmoil in publishing industry

The UK publishing industry was in freefall today, as a direct result of the forthcoming 'Print Is Dead' album by Yourcodenameis:milo.

Shares of major players, including the parent companies of Random House, Penguin and Hodder Headline, plumetted overnight, and rumours are circulating that at least one CEO has blown her own brains out with a gun.

Jeremy Thorpe, editor of trade magazine The Bookseller, told Pop 24: "With developments in electronic and online publishing and other new technologies, the industry has had concerns about the future of print for some time, but frankly I don't think anybody thought our worst fears would be confirmed by a north-eastern post-hardcore act via the medium of a collaborative project also featuring the likes of Tom Vek and Bloc Party."

"This is by some distance the darkest hour for the whole book trade of my lifetime," he continued.

Meanwhile, the Government has organised public book-burnings in several of Britain's major cities to dispose of publications deemed "obsolete" in the wake of Yourcodenameis:milo's proclomation, including but not limited to the Bible, 'Bridget Jones: The Edge of Reason', Foucault's 'History of Sexuality', and the Yellow Pages.