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ICOLC / NEW ORLEANS. MARCH 2004. Thomas McIlrath, Publisher The American Physical Society [email protected]. WHAT ARE THE “DRIVERS” FOR SOCIETY JOURNALS? WHAT CAN YOU EXPECT (DEMAND) FROM SOCIETY JOURNALS?. THE AMERICAN PHYSICAL SOCIETY. FOUNDED IN 1899 - PowerPoint PPT Presentation
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• WHAT ARE THE “DRIVERS” FOR SOCIETY JOURNALS?
• WHAT CAN YOU EXPECT (DEMAND) FROM SOCIETY JOURNALS?
THE AMERICAN PHYSICAL SOCIETY
• FOUNDED IN 1899• MISSION:
TO ADVANCE AND DIFFUSE THE KNOWLEDGE OF PHYSICS
Phys Rev Ltrs,86,1207(2001)
THE AMERICAN PHYSICAL SOCIETY
• 43,000 MEMBERS
• 9,100 MEMBERS OUTSIDE U.S.
• 32% OF FOREIGN MEMBERS IN ASIA OR AUSTRALASIA
GOVERNANCE
• ELECTED PRESIDENTIAL LINE
• ELECTED GOVERNING COUNCIL
• EXEC. BOARD & COMMITTEES
• THREE OPERATING OFFICERS
PHYSICALREVIEW B
PHYSICALREVIEW C
PHYSICALREVIEW D
PHYSICALREVIEW E
PHYSICALREVIEW LETTERS
REVIEWS OFMODERN PHYSICS
PHYSICALREVIEW A
PRINT PACKAGES WITH ONLINE ACCESS
(PRST-AB)
A FULLY PEER-REVIEWED ELECTRONIC JOURNAL,
DISTRIBUTED WITHOUT CHARGE.
Http://prst-ab.aps.org
HTTP://PROLA.APS.ORG
(PROLA)
COVERING ALL OF PHYSICAL REVIEWFROM 1893-2000
PHYSICAL REVIEW & PHYSICAL REVIEW LETTERS RECEIPTS 1983-
2002
CY03 OPERATIONS SUMMARY
EXPENSES $ 39,967(000)
RESEARCH PUBLICATIONSPUBLIC AFF & PROG
SCIENTIFIC MEETINGS MEMBERSHIPOPERATIONS
GENL & ADMIN
$ 28,04370.2%
$ 3,3938.5%
$ 3,3678.4%
$ 1,2683.2%
$ 3,8959.7%
CY03 OPERATIONS SUMMARY
REVENUE $ 40,412 (000)
RESEARCH PUBLICATIONSCIENTIFIC MEETINGS
MEMBERSHIP OPERATION PUBLIC AFF & PROG
$ 31,88178.9%
$ 3,7909.4%
$ 3,1097.7%
$ 1,6324.0%
CY 03 PERFORMANCE SUMMARY
40.41
39.97
31.88
28.04
8.53
11.92
05
1015202530354045
Millions
TOTAL PUBLICATIONS OTHER
REVENUE EXPENSE
SUBMITTED MANUSCRIPTSPRA-E, PRL
10
12
14
16
18
20
22
24
26
28
30
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
Thousands
INSTITUTIONAL SUBSCRIPTIONS1969-2003
5,000
10,000
15,000
20,000
25,000
30,000
19691971
19731975
19771979
19811983
19851987
19891991
19931995
19971999
20012003
ACTIVATED ONLINE SUBSCRIPTIONS
Number of Activated Online Subscriptions as of November 2003
No. of Paid Subscriptions
Nov-00 Nov-01 Nov-02 Nov-03 Dec-03Total 7,384 10,121 11,936 14,263 9,871
2003 Paid Subscriptions includes Graced RoweCom subscriptions
NonMember SubscriptionsReprint Sales
Consortia & License FeesPage Charges
Member Subscriptions Other
$26,46983.0%
$9322.9%
$1,5504.9%
$1,5014.7%
$10763.4%
$3521.1%
CY03 PUBLICATIONS REVENUE SUMMARY
Thousands
Comp & ProdCentral Pub Mgmt
Editorial CostsJrnl Info Svcs
Other AllocatedPrinting and Binding
OtherMailing
Paper
$4,01014.3%
$8,45230.1%
$2,1137.5%
$6542.3%
$9783.5%
$8653.1%
$4,96717.7%
$3,31111.8%
$2,6929.6%
CY03 PUBLICATIONS EXPENSE SUMMARY
Thousands
USA35.8%
EUROPE28.7%
JAPAN14.1% OTHER ASIA
16.1%
Other West Hem4.3% AFRICA
1.0%
USAEUROPE
JAPANOTHER ASIA
Other West Hem AFRICA
Total Asia and Australasia30.2%
Includes graced Rowe Com subscriptions
CY 03 SUBSCRIPTIONS BY CONTINENT
* Includes Australasia
2004 PRICING MODEL(TIERS 1 - 3)
• TIER 1: ACADEMIC INSTITUTIONS BELOW PHD GRANTING LEVEL $13,580 - $17,425
• TIER 2: CARNEGIE RESEARCH INTENSIVE INSTITUTIONS $15,675 – 20,155 TIER 3: CARNEGIE RESEARCH EXTENSIVE INSTITUTIONS $18,820 – 22,145
2004 PRICING MODELTIERS 4 & 5
• TIER 4: TOP INSTITUTIONS BASED ON READER USAGE (DOWNLOADS) AND AUTHOR USAGE (PAPERS)~TOP 5.5% $20,530 – 24,165
• TIER 5: TOP INSTITUTIONS BASED ON READER USAGE (DOWNLOADS) AND AUTHOR USAGE (PAPERS)~TOP 0.5% $21,400 – 25,175
ASSUMPTIONS – 2005 EXPENSES
• Growth in Journal Size: +5% from 2004
• Staff Growth: +1.5% from 2004• Salary & Benefits +3.5% from 2004• Per page composition: -20% from
2003
ASSUMPTIONS – 2005 REVENUE
• MEMBER PRINT SUBS: -20% from 2003• MEMBER ONLINE SUBS: = 2003• PAGE CHARGES & ABSTRACT FEES: -20%
FROM 2003• REPRINT SALES: -9% FROM 2003• OTHER INCOME: +5% FROM 2003
Required institutional subscriptions + consortia revenue = $28,085,000
ASSUMPTIONS - SUBSCRIPTIONS
• Annual Subscription Loss: -3%• Conversion to Online Only: 4%• RoweCom Customers return
with normal attrition
• Projected Revenue (Subs & Consortia) = $28,070,000
PROPOSED 2005 PRICE CHANGES
Prices shown at the meeting have been removed at APS’ request pending final approval by the APS board. They were very favorable and we hope
approval will be granted.
PRELIMINARY PRICES SUBJECT TO COUNCIL CHANGE/APPROVAL
• “PHILOSOPHY DRIVEN” PRICING
• TAKE RISKS FOR COMMUNITY
• SOCIETIES SHOULD INNOVATE TECHNOLOGICALLY
• SOCIETIES SHOULD PASS BENEFITS OF TECHNOLOGY ON TO COMMUNITY
ICOLC / NEW ORLEANS
MARCH 2004
AVERAGE INCREASE 96 TO 03 PRINT/ONLINE
• PRICE– TIER 1 6.7%– TIER 2 8.6%– TIER 3 9.8%
• PRICE PER PAGE– TIER 1 4.0%– TIER 2 5.9%– TIER 3 7.1%
PRINT/ONLINE PRICES
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
$20,000
$22,000
1996 1997 1998 1999 2000 2001 2002 2003
TIER 1 TIER 2 TIER 3
PRINT/ONLINE PRICE/PAGE
$0.10
$0.11
$0.12
$0.13
$0.14
$0.15
$0.16
$0.17
$0.18
$0.19
$0.20
1996 1997 1998 1999 2000 2001 2002 2003
TIER 1 TIER 2 TIER 3
AVERAGE INCREASE 96 TO 03 ONLINE ONLY
• PRICE– TIER 1 3.5%– TIER 2 5.6%– TIER 3 7.5%
• PRICE PER PAGE– TIER 1 0.9%– TIER 2 2.9%– TIER 3 4.8%
ONLINE ONLY PRICES
$8,000
$9,000
$10,000
$11,000
$12,000
$13,000
$14,000
$15,000
$16,000
$17,000
$18,000
1996 1997 1998 1999 2000 2001 2002 2003
TIER 1 TIER 2 TIER 3
ONLINE ONLY PRICE/PAGE
$0.10
$0.11
$0.12
$0.13
$0.14
$0.15
$0.16
$0.17
$0.18
$0.19
$0.20
1996 1997 1998 1999 2000 2001 2002 2003
TIER 1 TIER 2 TIER 3
APS & AIP ONLINE
APS ONLINE
