We are pleased to announce that we will not be raising the publication fees for any of the PLoS Journals this year. The main reasons for this decision are as follows.
One of key goals at PLoS is to show how open access publishing can be financially sustainable, and PLoS has made substantial progress towards this goal over the past two years in particular. This year, we are on target to achieve modest operating surplus for the first time without any need to adjust publication pricing.
At the same time, we are committed to minimizing the financial burden associated with publishing for all parties involved in the process – including funders, institutions, libraries and the research community. As a not-for-profit organization, we are not in the business of maximizing profits for shareholders or investors. Our broader mission is to drive a comprehensive shift in publishing towards more open and effective research communication.
While we cannot guarantee that we will not need to raise publication fees in the future it is our hope that advances in technology and continued refinement of our cost models will enable us to identify ways to make publishing more cost-effective.
For further information about our general progress, the 2009 PLoS Progress Update covers the highlights of the 2009 fiscal year and includes some details on our current projects.