Say what you want about traditional publishing, but they're holding their own against the onslaught of cheap Indie ebooks. Readers know what to expect, and know they'll get a decent well-written read without a lot of risk of a badly told, error ridden book.
Critiquing my own post, I just ran across the following on a LinkedIn Author post: Do traditional publishers ever publish Indie Authors?
Happens ALL the time. In fact, it's more common for blockbuster authors/series to come out of indie world (mostly web serials) these days than the traditional route. Who has come out of big houses in the last few years to equal Wool, 50 Shades, Twilight, The Martian, etc. And that's just as the heavy end of the spectrum. I have done dozens or articles and interviews of serial writers getting contracts with smaller presses.
I knew a few of these, but didn't know whether it was the norm or not, as they only see to accept the phenomenally successful (100,000 copies sold) Indie books, which are more heavily marketed (in most instances) than well-written.
Yep, I was right. They don't pick up many Indie books, but it's still the best option for most of us to garner the big publishers attention. The only caveat, you've GOT to market yourself heavily and intelligently, something few of us here are qualified at. No one wants to purchase an unpopular book which won't sell!