145.3 ELECTRONIC JOURNALS AND IOP, Kurt Paulus
Teri Harrison Wilson, The Faxon Company,email@example.com.
PRESS RELEASE Westwood, MA, September 19, 1995. With many 1996 publisher price lists now in hand, Faxon has analyzed actual journal subscription price increases versus its projections made earlier this year. The actual 1996 subscription price increases correspond to the projections, showing high increases for European journals due to a weak US dollar. The last projections, made in June 1995, are provided below, along with preliminary actual increases based on publisher price lists received to date: June 1995 Actual Projections Preliminary North American Titles 10.5% 10-11% Continental European Titles 23.5% 24.0% UK Titles 15.0% 14.0% Typical Overall Collection Increase 14.8% 14.5% "As we predicted earlier in the year, the weakness of the US dollar against the continental European currencies is largely responsible for high increases for journals from those countries," said Ron Akie, Senior Vice President of Marketing. "We saw the same effect in 1991 and 1993, other years when the dollar weakened." While the US dollar has strengthened very recently, this will only affect European journals where publishers set the price in their own currency and let the exchange rate float with market rates. These are primarily smaller publishers whose journals make up a small portion of most US library collections. Therefore, the dollar's strengthening so late in the year will have little net impact for most clients. The larger European publishers either set their prices in US dollars or fix the exchange rate earlier in the year. The detailed breakdown of price increases by component from Faxon's June 1995 projection is provided below: N. American Continental UK Titles European Titles Page Inflation 2.5% 3.0% 2.0% Paper/Postage 3.0% 3.0% 3.0% General Inflation 2.5% 2.0% 2.0% Cancellations 2.5% 3.0% 3.0% Currency Changes N/A 12.5% 5.0% Total Increase 10.5% 23.5% 15.0% Typical overall increase 14.8%
145.2 EBSCO 1996 GLOBAL SERIALS PRICE PROJECTIONS UPDATE
Laura Ralstin, EBSCO Subscription Services, firstname.lastname@example.org.
PRESS RELEASE, September 19, 1995 BIRMINGHAM, Ala. Subscription rates for 1996 have been received from most major publishers. As predicted earlier this year, base price increases for most journals fall within the average range of 10 to 11 percent. U.S. libraries that subscribe to European journals for which publishers set U.S. dollar prices face the steepest increases -- 21 to 23 percent. For libraries worldwide subscribing to journals priced in publishers' country-of-origin currencies, exchange rates in effect at the time publishers are paid for next year's subscriptions will determine ultimate prices. The recent increase in the value of the U.S. dollar (due in part to organized buying of dollars by the central banks of major countries worldwide) has caused us to revise our predictions slightly upward for U.S. journals bought by European libraries and to lower our predictions for European journals priced in country-of-origin currency and bought by U.S. libraries. Japanese subscribers will likely pay more than was predicted earlier for U.S. and European journals, partially due to cuts in the Japanese discount rate and the organized U.S. dollar buying mentioned above, which have resulted in a decreased value of the yen. *Projected increases by customer billing currency* Updated projections for libraries invoiced in selected currencies are provided below. A base price increase of 10 to 11 percent for 1996 journal subscriptions is assumed in these projections. This range is based on historical data and on recent information received from publishers. For U.S. journals, projections are based on estimated subscription price increases and the current, relative value of the customer billing currency compared to the U.S. dollar. (Mid-September currency exchange rates were used for these projections.) For European journals, projections are based on estimated subscription price increases and the current, relative value of the customer billing currency compared to that of a European currency composite. The European currency composite is the average value of the British pound, French franc, German mark, Dutch guilder and Swiss franc. Mid-September currency exchange rates were used for these projections. Ranges shown are for European journals published outside the corresponding country for each billing currency (e.g., the projected increase for customers invoiced in British pounds does not apply to U.K. journals). PROJECTED PRICE INCREASES BY CUSTOMER BILLING CURRENCY Customer Projected Projected Billing Increase for Increase for Currency U.S. Journals European Journals ______________________________________________________________ Australian dollar 10.0 - 12.0% 13.0 - 15.0% British pound 10.0 - 12.0% 13.0 - 15.0% Canadian dollar 9.0 - 11.0% 15.0 - 17.0% Dutch guilder 5.0 - 7.0% 8.0 - 10.0% French franc 5.0 - 7.0% 8.0 - 10.0% German mark 5.0 - 7.0% 8.0 - 10.0% Italian lira 9.0 - 11.0% 13.0 - 15.0% Japanese yen 9.0 - 11.0% 12.0 - 14.0% New Zealand dollar 5.0 - 7.0% 9.0 - 11.0% South African rand 13.0 - 15.0% 14.0 - 16.0% Spanish peseta 4.0 - 6.0% 9.0 - 11.0% Turkish lira 28.0 - 30.0% 29.0 - 31.0% U.S. dollar 10.0 - 11.0% 11.0 - 13.0%* 21.0 - 23.0%** *For European journals priced in country-of-origin currency -- journals priced in this manner will be affected by the strength of the U.S. dollar in early fall when publishers are paid for these journals. This range will be lower for journals published in the United Kingdom, as the dollar has not lost as much strength against the British pound as it has against other European currencies. **For European journals priced in U.S. dollars or with fixed conversion rates -- this rate is most applicable to U.S. libraries, as most major European publishers now set prices in U.S. dollars for U.S. customers instead of pricing in native currencies. These rates are generally set in mid to late summer. One component of U.S. dollar rates is the strength of the U.S. dollar as compared to publishers' native currencies at the time these rates are set.
145.3 ELECTRONIC JOURNALS AND IOP
Kurt Paulus, Institute of Physics Publishing, email@example.com.
All Institute of Physics journals will be available, in full, on World Wide Web by Spring 1996. Electronic access is included in the 1996 price of full-rate subscriptions announced recently. We believe that price rises are competitive with or lower than those of most other publishers who are not providing electronic access. There are three principal reasons for launching this ambitious programme, which will start with the release of the first journals in January. Firstly, as a not-for-profit publisher owned by a learned society -- the Institute of Physics, London -- Institute of Physics Publishing (IOPP) has a responsibility to play its full part in electronic communication, helping to get information disseminated ever more widely. Secondly, IOPP has a responsibility to continue supporting the learned and educational activities of the Institute, in the UK and elsewhere, financially. Finally, IOPP as a learned society publisher must move with the needs of the scientific community and play its part in an orderly transition to new modes of communication, if that is indeed what is about to happen. So, we will make all our journals available electronically; we will experiment with informal communication such as preprints; and we will introduce new services and products. Building on our experience to date with _Classical and Quantum Gravity Online_ and _Physics Express Letters_ we have been able to narrow down the available options for delivering journals electronically. We decided on World Wide Web as the vehicle for delivery because of its functionality and increasing popularity. We have chosen HTML for interface and headers, but concluded that the current version was not sufficiently flexible for our highly mathematical material. We therefore shall offer Acrobat PDF and Postscript for full text, maths and figures. Pricing is a critical area. We have already invested heavily in electronic journal development and expect to continue doing so. Much of this investment is in staff, for mounting more than 60,000 pages of articles a year in attractive and searchable form, and with the attendant registration and support services. Rather than -- like most publishers to date -- surcharging subscribers we have decided to absorb the cost in our general price. This has advantages for us as well as libraries: if past experience is any guide, it offers great improvement in take-up and readership, and hence in the service we and the libraries offer to end users. All legitimate users belonging to sites that have taken out a full-rate subscription will be able to get access; no new purchasing decisions have to be made by existing subscribers; it is simple and orders for print subscriptions can be placed direct or through agents in the normal way. We hope that our investment can be recouped by reducing a little the cancellations that we have all seen over the years. In implementing this approach, we shall have to work very closely with the libraries. We think we have devised the simplest system for providing access: it will be based on the IP number(s) of the site -- here we will need the help of the library -- and then individual users will assign their own ID and passwords. You may already have tried our WWW server but if not, have a look at http://www.iop.org. Further details of the electronic journals programme, and particularly the registration and access arrangements, will be announced there over the next few months.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Statements of fact and opinion appearing in the _Newsletter on Serials Pricing Issues_ are made on the responsibility of the authors alone, and do not imply the endorsement of the editor, the editorial board, or the University of North Carolina at Chapel Hill. +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Readers of the NEWSLETTER ON SERIALS PRICING ISSUES are encouraged to share the information in the newsletter by electronic or paper methods. We would appreciate credit if you quote from the newsletter. +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ The NEWSLETTER ON SERIALS PRICING ISSUES (ISSN: 1046-3410) is published by the editor through the Office of Information Technology at the University of North Carolina at Chapel Hill, as news is available. Editor: Marcia Tuttle, Internet: firstname.lastname@example.org; Paper mail: Serials Department, CB #3938 Davis Library, University of North Carolina at Chapel Hill, Chapel Hill NC 27515-8890; Telephone: 919 962-1067; FAX: 919 962-4450. Editorial Board: Deana Astle (Clemson University), Christian Boissonnas (Cornell University), Jerry Curtis (Springer Verlag New York), Janet Fisher (MIT Press), Fred Friend (University College, London), Charles Hamaker (Louisiana State University), Daniel Jones (University of Texas Health Science Center), Michael Markwith (Swets North America), James Mouw (University of Chicago), and Heather Steele (Blackwell's Periodicals Division). The Newsletter is available on the Internet, Blackwell's CONNECT, and Readmore's ROSS. EBSCO customers may receive the Newsletter in paper format. To subscribe to the newsletter send a message to LISTSERV@UNC.EDU saying SUBSCRIBE PRICES [YOUR NAME]. Be sure to send that message to the listserver and not to Prices. You must include your name. To unsubscribe (no name required in message), you must send the message from the e-mail address by which you are subscribed. If you have problems, please contact the editor. Back issues of the Newsletter are archived on the UNC-Chapel Hill World Wide Web site. For a complete file, telnet to: library.unc.edu; login as library; choose UNC Internet Library; choose Electronic Journals. For issues since March 1994, the url is: http://www.lib.unc.edu/prices/prices.html. Issues are also archived on the listserver. To get a list of available issues send a message to LISTSERV@UNC.EDU saying INDEX PRICES. To retrieve a specific issue, the message should read: GET PRICES PRICES.xx (where "xx" is the number of the issue). +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++