Business Model
To fund the journals, PLoS charges a publication fee to be paid by the author or the author's employer or funder. In the United States, institutions such as the National Institutes of Health and the Howard Hughes Medical Institute have pledged that recipients of their grants will be allocated funds to cover such author charges. PLoS was launched with grants totalling US$13 million from the Gordon and Betty Moore Foundation and the Sandler Family Supporting Foundation. PLoS confirmed in July 2011 that it no longer relies on subsidies from foundations and are covering their operational costs themselves.
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“History in the making is a very uncertain thing. It might be better to wait till the South American republic has got through with its twenty-fifth revolution before reading much about it. When it is over, some one whose business it is, will be sure to give you in a digested form all that it concerns you to know, and save you trouble, confusion, and time. If you will follow this plan, you will be surprised to find how new and fresh your interest in what you read will become.”
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