The Impact of Market Forces on Open Access Journal Publishers
As the largest open access publisher by the number of articles published, according to the Digital Archive of Open Access Journals, PLOS can serve as a case in point for this phenomenon. In September 2015, PLOS has announced that it will be raising the APC for its flagship PLOS ONE journal from 1,395 USD to 1,495 USD, as the first APC increase for this journal since 2009. While this can be conceived of as a minor business model change for an open access publisher that sports 7 OA journals and 5 channels for scientific sub-fields, such as Muscular Dystrophy, that have streamlined peer-review procedures, are partly foundation-supported and have no author-facing charges, a closer analysis indicates otherwise. At present, the APCs for PLOS’s OA journals range from 1,495 USD (PLOS ONE) to 2,900 USD (PLOS Biology and PLOS Medicine). The financial reports of PLOS for 2015, however, reveal that its approximate gross per-article revenues have amounted to 1,438 USD. In other words, given that the 2015 yearly gross publication fee revenues of PLOS have amounted to 44,604,000 USD, circa 31,000 journals have been published by PLOS in 2015, and that the average APC for PLOS ONE has been 1,420 USD for 2015, since the APC raise went into effect in October 2015, if all of these journals have been published in the PLOS ONE mega-journal, its gross APC revenues would have been 44,020,000 USD in 2015. Thus, in the year 2015 the absolute majority of PLOS’s revenues to the rate of up to 98% have been likely derived from APCs for PLOS ONE.
By Pablo Markin