The Imaginary Journal of Poetic Economics: Informa (Taylor and Francis, Routledge) academic publishing profits up for 2013: 35% profit margin

"Informa.plc is the multinational conglomerate owner of scholarly-sounding brands "Taylor & Francis" and Routledge). The 2013 Informa annual report is now out. Revenue has increased to £367 million in 2013 from £340 million in 2012 Adjusted operating profit increased by £4 million, to £130 million in 2013 from £126 million in 2012. There was a slight decrease in adjusted operating margin, from 37% in 2012 to 35% in 2013. (Informa. 2013, p. 5) In U.S. dollars: Revenue has increased to $600 million US in 2013 from $560 million in 2012 Adjusted operating profit increased by $6 million, to $215 million in 2013 from £209 million in 2012. What if the academic publishing arm of informa were to reduce its profit level to a very healthy profit rate of 20%, instead of 35%? The net profit for informa would have been $120 million US rather than $215 million US. The difference - $95 million - could fund 950 academic positions at an average salary of $100,000 per year."