Barnes & Noble announces the introduction of its new publishing platform NOOK Press for authors.

Nook Media, a subsidiary of Barnes & Noble, released a statement announcing the launch of NOOK Press, a self-publishing e-book program designed with input from PubIt!, B&N's original self-publishing platform, and using technology from partner FastPencil. 

"We're thrilled to bring all the new and exciting features of NOOK Press to existing PubIt! authors and new writers looking for a quick, effective and free one-stop self-publishing platform that delivers high-quality eBooks to millions of book-loving NOOK customers," said Theresa Horner, Vice President of Digital Content at NOOK Media.  "NOOK Press authors bring variety, new voices and value to NOOK's ecosystem that allows us to continue to offer our customers a great selection of noteworthy eBooks by independent authors at unbeatable prices."

One of the features of NOOK Press includes offering authors a simple and competitive compensation model with no hidden terms or fees. Authors who publish their books through NOOK Press can price their books between $0.99 and $199.99. For NOOK Books priced at or between $2.99 and $9.99, authors receive 65 percent of the list price for sold content. For those priced at $2.98 or less, or $10.00 or more, authors receive 40 percent of the list price.  NOOK Press authors will be compensated from the list price they set with no additional charges, regardless of file size.

"What I love about NOOK Press is the ease of use and the intuitive tools," says Barbara Freethy, bestselling NOOK Press author. "NOOK Press also offers authors great merchandising opportunities and instant access to detailed sales reports, making it easier than ever to expand your readership and sell self-published eBooks."