1. The business of e-resources and print serials publishing.
Perspective from a society publisher
Yann Amouroux
Regional Manager, Journals
IOP Publishing
UKSG Seminar
Dublin, June 2010
Notes for first body slide

2. Agenda
Why are publishers around?
Some background on IOP
Some background on Publishing globally
The evolving world of Science, Technology and Medical (STM) publishing
The economics of Publishing

3. Why do journal publishers exist?
First peer-reviewed journal founded in 1665 by Royal Society
Journal publishing has evolved dramatically since, but its core functions remain:
Registration of new research findings
Quality assurance through peer review
Dissemination globally
Archiving in perpetuity

4. The Institute of Physics
Scientific charity founded in 1874
Promote and support physics in furthering scientific knowledge
Provide economic and social benefits in the UK and Ireland, and internationally – especially in the developing world.
Increase the practice, understanding and application of physics
Worldwide membership of 36,000+
Fund scientific communities (IOP divisions and groups)
Leading communicator of physics-related science to all audiences, from specialists through to government and the general public.
Offers free or concessionary digital membership to physicists from developing countries
“Development Aid” programme currently benefits researchers in over 30 countries

5. Wholly owned subsidiary of IOP
IOP Publishing
Wholly owned subsidiary of IOP
Mission: “To disseminate a knowledge of Physics”
IOP staff in six countries
Offices in Bristol (UK), Washington DC and Philadelphia (USA)
Sales and editorial offices in Russia, China, Japan, Germany and Poland
Cooperation with many smaller societies in Europe and worldwide

7. Publishing globally
2,000 publishers publish around 1.5 million peer reviewed articles per year in 23,000 journals
The industry employs (directly) 110,000 globally: 40,000+ in EU, 10,000 in UK
There are a few major commercial publishers with hundreds of titles each and hundreds of smaller society publishers often owner of just one title
In the last 10 years major changes in publishing practice affected all

8. Publishing globally: Publishers in STM
Articles published
26%
Others
Elsevier
Others
Wiley-
Blackwell
APS
IOP
Springer
IEEE
AIP
Wolters Kluwer
Taylor & Francis
ACS

9. Publishing globally: Subject areas in STM

10. What do journal publishers do?
5,000 new editors per year
500 new journals launched per year
3 million+ article submissions per year
Organise editorial boards
Launch new specialist journals
Solicit and manage submissions
2.5 million+ referees
3.75 million+ referee reports per year
50%+ of submissions rejected
Manage peer review
40 million articles available digitally, back to early 1800s
Archive and promote
Edit and prepare
12 million researchers
4,500+ institutions
180+ countries
1 billion+ downloads/year
10 million+ printed pages/year
125,000 editors
350,000 editorial board members
30 million+ author/publisher communications per year
Publish and disseminate
Production
1.5 million new articles produced per year
350 years of back issues scanned, processed and data-tagged
Note: industry estimates based on known numbers for a subset of the industry that are then scaled to 100% based on the article share of the known subset. 10

11. Growth in total journals, global R&D workers and STM articles 1996-2007

12. Solicit and manage submissions
Bold = Estimated cumulative investment since 2000
Author Submission & Editorial Systems
>£70 million
Solicit and manage submissions
Manage peer review
Production
Publish and disseminate
Edit and prepare
Archive and promote
Organise editorial boards
Launch new specialist journals
Electronic Platforms, e.g.
ScienceDirect
Wiley InterScience
Highwire
Scopus
>£1500 million
Other support and related systems
>£300 million
eJournal Backfiles
eReference Works
>£150 million
The journal industry has invested £2+ billion since 2000
Electronic Warehousing
>£60 million
Production Tracking Systems
>£50 million

13. Economics of Publishing: Delivering research content
Journals / E-Books
Print
Online
Combination
Packages / Bundles
By subject
By format (e.g. electronic bundle)
With / without archive
Consortium
Some institutions or whole country

14. Economics of Publishing: Monthly downloads of research papers (IOP Publishing figures)

15. Economics of Publishing: Acquiring research content
The ability for libraries to keep up with output is not growing
Library budgets under pressure
Funding agencies and government bodies engaging with the community
Wellcome Trust
National Institutes for Health
PubMed
Expectation that research will be openly available as soon as possible
Typical embargo: 6-12 months

16. Economics of Publishing
Average University & Library spend
Source: SCONUL (Society of College, National and University Libraries)
100%
100%
Other O/H 14%
Research & Overhead %
Staff 50%
Other info 8%
Books 9%
Instruction %
Journals 19%
2.3%
Library 2.7%
University
Library

17. Economics of Publishing
Research output is growing
Scientists can’t read every paper anymore
New services available to help scientists identify and obtain content
Publishers need to ensure that their content is accessible in whatever way the researcher may want to access it and invest in necessary technology

18. Economics of Publishing
Pricing
Per title, per article, per subject group?
Open Access for all? Institution fees?
Universities repository, how costly and effective will that be to academics?
Is there a future for “Big Deals”?
New metrics coming into place: usage factor, cost per download…
Cost cutting
Price freeze, limited investment…

19. Summary – What for, Publishers?
Provide the vehicles through which a scientist can further their career
Set high standards of research output
Act as a quality filter
Provide a professional and seamless peer review service to ensure high standards are being achieved
Provide the means by which content can be easily accessed
Invest in relationship with libraries, researchers and resellers
Continue to invest in offering a high standard of service
IT, expertise, systems, new processes and methods
Listen to our communities
Adapt business models
Provide users what they want
Ensure that published content is available in whatever way the user wishes to access that content

20. One scientist’s view
Philip Bourne, Ph.D., University of California, San Diego, Editor-in-Chief, PLoS Computational Biology
“Will the contract between scientist and publisher change to be more than one of handling final manuscripts to one of maintaining the workflow of scholarly discourse - ideas, hypotheses, protocols, data, interpretations of these data, and conclusions, all in a variety of formats and modes of dissemination”.
STM International Conference, Cambridge MA 29 April 2010

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