New business models. UKSG Seminar Dublin, June 2010 Yann Amouroux Regional Manager, Journals IOP Publishing UKSG Seminar Dublin, June 2010 Notes for first body slide

Changing business models Institutions don’t just buy journal subscriptions Content accessed by licence Consortia (NESLI2) Electronic bundles, collections Institutions (libraries) expected to pay for publications charges Growth of open access Directory of Open Access Journals (DOAJ, Lund) 4,998 journals (5 May 2010) Important journal brands which never existed 10-15 years ago Many different models for Open Access journals Author pays Institutional membership fees Conference organiser pays OASPA

New Journal of Physics A case-study of a successful open-access physics journal Eberhard Bodenschatz Editor-in-Chief, New Journal of Physics Berlin7 Conference, Paris Wednesday 2 December 2009 Notes for title slide

An early history Launched in 1998 as a joint venture by the UK Institute of Physics (IOP) and Deutsche Physikalische Gesellschaft (DPG) A response to the journals subscription pricing crisis The first peer-reviewed, open-access journal to cover the whole of physics In 1998 the term “open access” did not even exist A then novel new publishing model that shifted the burden of cost from the reader to the author (or research provider)

Core original objectives To publish research articles of outstanding quality at the very cutting edge of physics To remove financial barriers for all readers worldwide To offer authors with high article visibility and fast publication To provide the widest possible dissemination of peer-reviewed physics research To demonstrate financial self-sustainability under an open-access publishing model

Characteristics of NJP All content permanently free to read Subject coverage across the whole of physics Strict peer-review process and editorial criteria > 70% of submissions are rejected Electronic-only Free use of colour and multimedia No article length restrictions Author-friendly copyright The published version of articles can be freely distributed Funded solely by article (not page) charges (£650)

Subject scope “The coverage of NJP extends across the whole of physics, encompassing pure, applied, theoretical and experimental research, as well as interdisciplinary topics where physics forms the central theme. The journal's objective is to publish truly outstanding research articles that merit the attention of all physicists.”

Editorial requirements “An NJP article must meet the highest scientific quality standards, both in terms of originality and significance, and the research results should make substantial advances within a particular subfield of physics. The impact of an NJP article should be such that it will appeal to the journal's broad readership. Towards ensuring high editorial standards, every article submission is assessed by the Editorial Board in addition to independent referees.”

The initial challenge A new, unproven journal No track record or Impact Factor Broad coverage aimed at serving the whole of physics No critical mass in any one topic Electronic-only Concerns in 1998 about archiving digital content Strict editorial standards Particular demands for impact and general interest Authors expected to pay a publication fee (£300 in 1998)

The initial challenge First 3 years of NJP were tough Just 79 articles published by 2002 Article submissions were flat 70% of submissions rejected Fee waived for 60% of publications IOP and DPG increased their investment in 2001 Greater commissioning activity by journal team and Editorial Board Continued faith in strict quality criteria The result was.…….

Journal content - submissions

Journal content – published articles Journal has grown by a factor of 35 since 2001 Rejection rate is actually increasing (>75% for regular submissions) 90% of articles are now paid for More and more researchers are choosing to pay to publish with NJP

Journal content – subject coverage Expanding coverage in all major disciplines NJP publishes ~0.2% of all physics papers Particular target is the high energy particle physics community

Journal content - geography Strong traditional support from Europe Expanding support from N America and Japan NJP has become a truly international journal

Journal readership

Journal readership - geography More than 3 million downloads since 1998 700 downloads per article within 12 months Readership each month extends to over 180 countries Truly global A real success for open-access!

Impact Factor Current Impact Factor is 3.44 3rd highest out of general physics, original research journals Articles are increasingly being cited NJP named a ‘Rising Star’ by Thomson ISI

NJP author-friendly copyright NJP authors (and their institutions) can distribute the published version in the following ways: on personal and/or employer’s websites/repositories and free public servers. share print or electronic copies of their article. use all or part of their article and abstract in other scholarly publications of their own work. Third parties have the same rights to reuse articles in NJP as described in the Creative Commons Attribution-Non-Commercial-ShareAlike 2.5 license.

NJP Associate Members NJP and is publishing model is endorsed by the following national physical societies: Australian Institute of Physics Austrian Physical Society Belgian Physical Society Chinese Physical Society European Physical Society Finnish Physical Society French Physical Society Indian Physics Association Israel Physical Society Italian Physical Society Mexican Physical Society Netherlands Physical Society Norwegian Physical Society Physical Society of Japan Polish Physical Society South African Institute of Physics Spanish Royal Society of Physics Swedish Physical Society Swiss Physical Society United Physical Society of the Russian Federation

Is NJP self-sustainable? Yes! Since 2002 the article charge has increased in from £300 to £650 Financial revenue relies on 3 factors: The publication fee - £650 (2008) Number of published papers – 682 (2008) % of authors paying – 90% (2008) In 2008 NJP covered all of its operating costs for the first time It will do so again in 2009 (with a surplus)

Thank you Any questions? yann.amouroux@iop.org Tel: 0044 117 9301117 IOP Publishing, Bristol, UK yann.amouroux@iop.org Tel: 0044 117 9301117