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by klmr
2848 days ago
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This is a misunderstanding: “non-profit” does not mean that an organisation can’t earn money. It means the company cannot be sold, and all profits have to be reinvested (rather than e.g. paid out to shareholders). And PLOS, like for-profit publishers, has in the past had very large profit margins (and has been criticised for this, e.g. [1]). [1]: https://scholarlykitchen.sspnet.org/2015/09/29/plosone-hikes... |
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Right, so the incoming money is spent on the company itself - so should represent the long term running costs, surely.
> And PLOS, like for-profit publishers, has in the past had very large profit margins (and has been criticised for this, e.g. [1]).
I'm not sure I'd say those are extreme, $5M on $50M in revenue. Even if you removed that you would still have APCs of ~$1450-2700 which I don't think would change the original point.