ICOLC / NEW ORLEANS

1. ICOLC / NEW ORLEANS MARCH 2004 Thomas McIlrath, Publisher The American Physical Society mcilrath@aps.org

2. WHAT ARE THE “DRIVERS” FOR SOCIETY JOURNALS? WHAT CAN YOU EXPECT (DEMAND) FROM SOCIETY JOURNALS?

3. THE AMERICAN PHYSICAL SOCIETY • FOUNDED IN 1899 • MISSION:TO ADVANCE AND DIFFUSE THE KNOWLEDGE OF PHYSICS Phys Rev Ltrs,86,1207(2001)

4. THE AMERICAN PHYSICAL SOCIETY • 43,000 MEMBERS • 9,100 MEMBERS OUTSIDE U.S. • 32% OF FOREIGN MEMBERS IN ASIA OR AUSTRALASIA

5. GOVERNANCE • ELECTED PRESIDENTIAL LINE • ELECTED GOVERNING COUNCIL • EXEC. BOARD & COMMITTEES • THREE OPERATING OFFICERS

6. PRINT PACKAGES WITH ONLINE ACCESS PHYSICAL REVIEW A PHYSICAL REVIEW B PHYSICAL REVIEW D PHYSICAL REVIEW C PHYSICAL REVIEW E PHYSICAL REVIEW LETTERS REVIEWS OF MODERN PHYSICS

7. (PRST-AB) Http://prst-ab.aps.org A FULLY PEER-REVIEWED ELECTRONIC JOURNAL, DISTRIBUTED WITHOUT CHARGE.

8. (PROLA) COVERING ALL OF PHYSICAL REVIEW FROM 1893-2000 HTTP://PROLA.APS.ORG

9. PHYSICAL REVIEW & PHYSICAL REVIEW LETTERS RECEIPTS 1983-2002

10. CY03 OPERATIONS SUMMARY

11. CY03 OPERATIONS SUMMARY

12. CY 03 PERFORMANCE SUMMARY

13. SUBMITTED MANUSCRIPTSPRA-E, PRL Thousands

14. INSTITUTIONAL SUBSCRIPTIONS1969-2003

15. ACTIVATED ONLINE SUBSCRIPTIONS

16. CY03 PUBLICATIONS REVENUE SUMMARY Thousands

17. CY03 PUBLICATIONS EXPENSE SUMMARY Thousands

18. CY 03 SUBSCRIPTIONS BY CONTINENT * Includes Australasia

19. 2004 PRICING MODEL(TIERS 1 - 3) • TIER 1: ACADEMIC INSTITUTIONS BELOW PHD GRANTING LEVEL $13,580 - $17,425 • TIER 2: CARNEGIE RESEARCH INTENSIVE INSTITUTIONS $15,675 – 20,155 TIER 3: CARNEGIE RESEARCH EXTENSIVE INSTITUTIONS $18,820 – 22,145

20. 2004 PRICING MODELTIERS 4 & 5 • TIER 4: TOP INSTITUTIONS BASED ON READER USAGE (DOWNLOADS) AND AUTHOR USAGE (PAPERS)~TOP 5.5% $20,530 – 24,165 • TIER 5: TOP INSTITUTIONS BASED ON READER USAGE (DOWNLOADS) AND AUTHOR USAGE (PAPERS)~TOP 0.5% $21,400 – 25,175

21. ASSUMPTIONS – 2005 EXPENSES • Growth in Journal Size: +5% from 2004 • Staff Growth: +1.5% from 2004 • Salary & Benefits +3.5% from 2004 • Per page composition: -20% from 2003

22. ASSUMPTIONS – 2005 REVENUE • MEMBER PRINT SUBS: -20% from 2003 • MEMBER ONLINE SUBS: = 2003 • PAGE CHARGES & ABSTRACT FEES: -20% FROM 2003 • REPRINT SALES: -9% FROM 2003 • OTHER INCOME: +5% FROM 2003 Required institutional subscriptions + consortia revenue = $28,085,000

23. ASSUMPTIONS - SUBSCRIPTIONS • Annual Subscription Loss: -3% • Conversion to Online Only: 4% • RoweCom Customers return with normal attrition • Projected Revenue (Subs & Consortia) = $28,070,000

24. PROPOSED 2005 PRICE CHANGES Prices shown at the meeting have been removed at APS’ request pending final approval by the APS board. They were very favorable and we hope approval will be granted. PRELIMINARY PRICES SUBJECT TO COUNCIL CHANGE/APPROVAL

25. “PHILOSOPHY DRIVEN” PRICING TAKE RISKS FOR COMMUNITY

26. SOCIETIES SHOULD INNOVATE TECHNOLOGICALLY SOCIETIES SHOULD PASS BENEFITS OF TECHNOLOGY ON TO COMMUNITY

27. ICOLC / NEW ORLEANS MARCH 2004

28. AVERAGE INCREASE 96 TO 03 PRINT/ONLINE • PRICE • TIER 16.7% • TIER 2 8.6% • TIER 3 9.8% • PRICE PER PAGE • TIER 1 4.0% • TIER 2 5.9% • TIER 3 7.1%

29. PRINT/ONLINE PRICES

30. PRINT/ONLINE PRICE/PAGE

31. AVERAGE INCREASE 96 TO 03 ONLINE ONLY • PRICE • TIER 13.5% • TIER 2 5.6% • TIER 3 7.5% • PRICE PER PAGE • TIER 1 0.9% • TIER 2 2.9% • TIER 3 4.8%

32. ONLINE ONLY PRICES

33. ONLINE ONLY PRICE/PAGE

34. APS & AIP ONLINE

35. APS ONLINE