Barnes & Nobel to launch self-publishing business

Barnes & Noble is launching a self-publishing business called PubIt! this summer, Publishers Weekly reports.

The company will allow independent publishers and self-publishing writers to distribute their works digitally through the retailer's website and its e-book store.

Publication and distribution will be limited to digital works with no sales through physical Barnes & Noble stores. According to Publishers Weekly,  Barnes & Noble will release details of the royalty model and compensation process at a later date.