Journal of Andrology and Publications Committee of the American Society of Andrology 1987-88

              _East_W_ash_ing_ton_Squ_ar_e._Phi_lad_elp_hia_,~_19_105 ___________ ~_~ __ .L]~incottC30r,nEan~
Telephone (215) 238-4200
Telex : 83-4566 Fax : (215) 238-4227
Cable Address: Lippcot, Philadelphia
Joseph W. Lippincott, III
Publisher
Director of New Product Development
(215) 238-4275
July 13, 1988
David W. Hamilton, Ph.D.
Chairman, Publications Committee
American Society of Andrology
University of Minnesota
Dept. of Cell Biology and Neuroanatomy
4-135 Jackson Hall
321 Church Street S.E.
Minneapolis, MN 55455
Dear David:
t.
JL")L 1 ' ''11'4"") 8 i.', ...IV
As promised, I have shared your letter of March 18, 1988 and our
discussions with Phil and Larry in Pittsburgh with my colleagues here at
Lippincott. There is general agreement that the terms of a new contract
to publish the JOURNAL OF ANDROLOGY can incorporate a financial structure
based on a sharing of profits so that all of your editorial expenses can
be covered. Through the calculation of profits each year we will both be
able to review a more accurate and complete picture of the Journal's
financial performance.
We agree that with such a financial structure all of the
attributable expenses to the publication of the Journal should be
included in the calculation of profits. In the Society's case, you have
indicated that an editorial expense allowance of $27,000 will cover your
expenses. In our case, we must not only look at the direct costs of
publication, such as subscription and advertising promotion,
manufacturing, mailing, and the other expense categories on the profit
and loss statement we reviewed in Pittsburgh, but also the indirect costs
of time and effort spent by our personnel. These costs are usually
difficult to calculate because people tend to spend their time on more
than one publication. But we have now completed such an analysis so that
we can incorporate a charge for what Phil has termed Rjournal managementR
in the profit and loss statement for the JOURNAL OF ANDROLOGY. Based on
1987 activity, we estimate this cost to be approximately $15,000 on the
JOURNAL OF ANDROLOGY.
As you will see in the attached reV1Sl0n of the 1987 profit and loss
statement, the inclusion of the charge for journal management and the
increased editorial expense allowance demonstrates that we must take
immediate steps to improve the Journal's financial performance. After
eight years of publication it is time for the Journal to be financially
self-sustaining.
Publishers