|From: Sesame Street|
via The Official Cranberries Fanblog
"Looking to keep pace with Amazon’s Kindle Direct Publishing and the fast growing self-publishing market in general, Barnes & Noble is phasing out its PubIt! self-publishing service and relaunching it as Nook Press, an upgraded e-book self-publishing platform offering an array of new services to authors and publishers. B&N is partnering with the self-publishing platform Fast Pencil to supply Nook Press with its proprietary online authoring technology, while also offering Fast Pencil authors access to a variety of marketing opportunities via B&N’s Nook platform. […]
— Publishers Weekly
|Oops, sorry... wrong "Kobo" (photo from: kapok.com)|
The reason the program existed in the first place was to give independent bookstores a way to get involved in the growing market of ebooks and digital reading, to give them a chance to survive the ebook revolution.
After Google announced that it was cancelling its program this past spring, Kobo swooped in and signed a deal with the American Booksellers Association to provide e-readers, tablets and ebooks for them to sell.
In the first month of the Kobo partnership (Oct. last year), independent bookstores sold more ebooks than in the entire two years working with Google. The key, say bookstore owners, is being able to sell the devices along with the ebooks. It just makes more sense to customers."
— Jeremy Greenfield, Forbes