The enormous profits of STM scholarly publishers

Connotea Imports 2012-07-31

Summary:

"All are in the for-profit sector, and the profits are enormous. As reported in the Economist (2011): “Elsevier, the biggest publisher of journals with almost 2,000 titles, cruised through the recession. Last year it made £724m ($1.1 billion) on revenues of £2 billion —an operating-profit margin of 36%”. Springer’s Science + Business Media (2010) reported a return on sales (operating profit) of 33.9% or € 294 million on revenue of € 866 million, an increase of 4% over the profit of the previous year. In the first quarter of 2012, John Wiley & Sons (2011) reported profit of $106 million for their scientific, medical, technical and scholarly division on revenue of $253 million, a profit rate of 42%. This represents an increase in the profit rate of 13% over the previous year. The operating profit rate for the academic division of Informa.plc (2011, p. 4) for the first half of 2011 was 32.4%, or £47 million on revenue of £145 million, an increase of 3.3% over the profit of the previous year...."

Link:

http://poeticeconomics.blogspot.com/2012/01/enormous-profits-of-stm-scholarly.html

Updated:

01/11/2012, 10:10

From feeds:

Open Access Tracking Project (OATP) » Connotea Imports

Tags:

oa.new oa.publishers oa.comment ru.do ru.ps oa.profits

Authors:

petersuber

Date tagged:

07/31/2012, 11:54

Date published:

01/11/2012, 10:09