A study examined scholarly journals available exclusively online, those available exclusively in traditional paper form, and an emerging category blurring the boundaries between them. The analysis uses Pierre Bourdieu's theory of linguistic habitus, the marketplaces, and symbolic capital to understand the difference(s) between traditional and electronic publishing. According to Bourdieu, certain discourses have more or less value in different marketplaces, and local marketplaces can be in competition with other local marketplaces for value on the larger global market. Examined were "College Composition and Communication" (CCC) representing the traditional field, the online journal "Postmodern Culture" (PMC) representing the new field, and "The PreText Conversation: REINVW" representing the intermediate field. Results indicated that, of the 3, the forum between print-bound and electronic publications is the most challenging to the value system of the global market, the field of large-scale production that is the academy. Findings suggest that, unlike the other two which are very much the same in that the local marketplace of electronic publishing appears to mirror traditional print-bound publishing, the REINVW problematizes, and performs, through its cyclical dialogue, the theories of "writing as process," and social construction of knowledge that inform current pedagogical practices--theories that print-bound documents hide. Findings identify the constraints imposed by the linguistic habitus of traditional paper publishing--constraints on authorship, intellectual property rights, copyrights, topic appropriateness, and tone--that affect the value of electronic publishing on the global disciplinary market. (Contains 12 references.) (Author/CR)