Given my current obsession with sock knitting and baby blanket knitting, I've been enjoying many pleasurable hours of knitting and reading. As long as you are knitting something very simple, it should only take a little practice for you to get the hang of knitting and emerging yourself in your favorite author's writings.
I do have a couple of tools that are more helpful in keeping me from developing a sore neck than anything else. The first is the line of Book Mates. I discovered these treasures at a book fair in Seattle many years ago. For some reason they are not sold in bookstores. They come in paperback, trade paperback and hardcover sizes. And, dozens of cover designs. I have several in the paperback and trade sizes because I seem to be working my way through several books at the same time.
When you are not reading your book, the cover snaps closed. There is a bookmark to keep your place.
The spring back cover holds your book open while the clear band keeps the pages flat without blocking any text.
The absolute best part of the Book Mates is how easily it is to change pages. You bend up the book and cover just as you would to turn pages without a book cover. The plastic strip moves nicely out of the way as you turn the page and then snaps back into place as you lay the book flat again.
Most of the time I lean my book against a pillow or wadded up afghan to keep it at a nice reading angle. But, when I'm reading a newspaper, I like using my Book Chair.
With three angles available, it easily works with just about any reading position I choose to take.