One small hiccup: You're talking about PROFIT, not REVENUE. So you wouldn't be covering the COSTS (like, for example, my salary--I work for Springer) with that fee. Especially given that operating margins would typically be, say 10% after EBIDTA or so.
So the APC has to cover the REVENUE, which is the costs PLUS the profit*.
NB: This should not be taken as not supporting Open Access, only quibbling about the APC cost. And, of course, my opinions are my own, not Springer's etc., etc.
Scott Epstein
*FWIW, University Presses, like OUP, ALSO like to make profit. They just turn theirs over the University Trustees (i.e., "shareholders") rather than to an equity fund or stockholders.
Techdirt has not posted any stories submitted by Scott.
Profit vs. Costs
One small hiccup: You're talking about PROFIT, not REVENUE. So you wouldn't be covering the COSTS (like, for example, my salary--I work for Springer) with that fee. Especially given that operating margins would typically be, say 10% after EBIDTA or so.
So the APC has to cover the REVENUE, which is the costs PLUS the profit*.
NB: This should not be taken as not supporting Open Access, only quibbling about the APC cost. And, of course, my opinions are my own, not Springer's etc., etc.
Scott Epstein
*FWIW, University Presses, like OUP, ALSO like to make profit. They just turn theirs over the University Trustees (i.e., "shareholders") rather than to an equity fund or stockholders.