The latest news in publishing is that Penguin is opening a self-publishing arm. Publisher’s Weekly has it here.
But there’s a whole lot of opinions going around on this. I urge you to go visit the following sites:
David Gaughran at his blog Let’s Get Digital.
Quotey Goodness:
In fact, I have an offer for them. If they are seriously, genuinely considering using Penguin/Book Country to self-publish their book, I will send them a copy of Let’s Get Digital to show them how easy it is – and how much cheaper it is – to do it themselves.
JW Manus has more good information here.
More Quotey Goodness:
They are doing a few hours worth of work, if that much. They want you to be afraid of what is actually the easiest part of self-publishing– the formatting and uploading to distribution sites. What makes a self-published book successful is well-edited content, marketing and publicity. None of which Book Country will do.
I don’t talk much about publishing on my blog. That’s not what I want this space to be. But this is news-worthy and I hope, if you had only heard the good parts of these kinds of “we’ll help you self-publish” operations that you’ll take the time to check out these pages (and the links contained therein, there’s a wealth of information).
Worse, I think we’ll only see more of the same. And while I’m not in any camp or have any horse in the indie vs. traditional race, I do believe if you’re going to sell your words for money, you should do it well. Whatever “well” happens to mean for you and your readers.
But going through a self-publishing services that wants permanent royalties is a rights grab, not a service that helps you (or your readers).

Barb, I’ve just skimmed this and the other links. Thanks so much for putting this out for all of us. Great info!
You’re welcome, Chris. Thanks for stopping by!