Update Nov. 29th - according to
Van Noorden in Nature, incoming CEO of PLoS Elizabeth Manicola plans on a revamp...
Public Library of Science has released their 2012 financials. Kudos to PLoS for four years of not raising article open access processing fees. However, now that the PLoS surplus has reached 23%, isn't it time to
lower these fees?
Highlights from the
PLoS financials:
The 2012 financial year represented a third consecutive year of
sustainability for PLOS. Gross revenue grew 57% to $38.8 million (2011:
$24.7 million), of which the increase in net assets was $7.15 million
(2011: $3.95 million). PLOS’s expenses grew by 52% to $31.6 million
(2011: $20.8 million), not least because of the increase in resources
required to support the more than 26,000 articles published by the
journals in 2012. This represents a 62% increase (2011: more than 16,000
articles); the total number of articles published by PLOS through 2012
was more than 68,000.
