The last example should be $5B or 7% (assuming the revenue and expenditure
figures given are right). At a journal profit level for publishers of 3-7%,
there might not even be a serials crisis, and moreover, the transition to
open access publishing would be an awful lot easier for those publishers.

Jan Velterop

> -----Original Message-----
> From: Albert Henderson [mailto:chessNIC@COMPUSERVE.COM]
> Sent: 27 August 2003 17:47
> To: SERIALST@LIST.UVM.EDU
> Subject: Profitability in Higher Education
>
>
> The Chronical of Higher Education Almanac issue dated August 29
> reveals some interesting figures about profitability.
>
>
> PUBLIC 4-YEAR INSTITUTIONS FISCAL YEAR 2000
> REVENUES:             $129B
> EXPENDITURES       125B
> SURPLUS                                      $4B or 3% of revenue
>
> YEAR 1996-97 from last year's Almanac
> REVENUES:             $130B
> EXPENDITURES       126B
> SURPLUS                                      $4B or 3% of revenue
>
>
> PRIVATE 4-YEAR INSTITUTIONS FISCAL YEAR 2000
> REVENUES:             $120B
> EXPENDITURES        80B
> SURPLUS                                      $40B or 33% of revenue
>
> YEAR 1995-96 from last year's Almanac
> REVENUES:             $75B
> EXPENDITURES       70B
> SURPLUS                                      $10B  or 13% of revenue
>
> They don't pay taxes. What have they done with all that money?
>
> Albert Henderson
> Pres., Chess Combination Inc.
> POB 2423 Bridgeport CT 06608-0423
>
> Former Editor, PUBLISHING RESEARCH QUARTERLY 1994-2000
> <70244.1532@compuserve.com>
>
> PS The Chronicle doesn't give separate figures for total
> library spending.