Transition, transformation, disruption, disintermediation... whichever word you prefer, the publishing industry is undergoing a massive shift that's being driven by the Internet, with the news and magazine sides arguably a bit further ahead of the curve than the book side, for better or worse, though few major players among them are seeing any light at the end of the tunnel. The Atlantic is one of my favorite examples that I've cited often, and 2011 was the second great year in a row for the "legacy" brand that went all-in on a digital-first strategy in 2007 and are now reaping the…