Background
SPO was unique among publishers because of its affiliation with a major university library. Historically, libraries have defined their mission according to the rubrics of collecting, preserving, cataloging, and distributing the fruits of scholarly inquiry. For many years this broadly conceived mission has sufficed; today, the economics of the publishing world have created a situation in which the status quo is impossible to maintain. Library budgets for public universities like the U-M are either cut or stagnant, while the costs of publishing in print form continue to rise. Publishing conglomerates drive subscription rates up, while libraries struggle—and in many case fail—to keep up. Smaller academic publishing houses do not generate sufficient revenue to support themselves, and their institutional subsidies have been slashed. Many presses have closed, and those that remain have raised prices for their books to a near-prohibitive level, further restricting sales.
Harnessing the flexibility and relatively inexpensive resources of electronic publishing, SPO responded to the economic challenges of scholarly publication by providing a cost-effective, sustainable, permanent, and user-friendly publishing option for journals that could not sustain the cost of print publication and distribution.
Read more about this topic: Scholarly Publishing Office
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