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Re:On pastrami and the business of PLOS by rubidium on Monday March 28, 2016 @10:14AM (#11374337)
Pre-PLOS "common wisdom": only way to make journals work is by paid subscriptions and closed access articles.

Present "common wisdom": PLOS proved you can run a high-profile, open access journal and be a real business.

Future (who wants to take on this challenge?): Run an open access, high profile journal that charges less than $100/ article to publish.

....

Current price for each published article in PLOS: PLOS Biology $2,900 USD PLOS Medicine $2,900 USD PLOS Computational Biology $2,250 USD PLOS Genetics $2,250 USD PLOS Pathogens $2,250 USD PLOS Neglected Tropical Diseases $2,250 USD PLOS ONE $1,495 USD

PLOS Genetics has something like 720 articles published per year so you can do the math on what they make from those fees.

Re:On pastrami and the business of PLOS by a_bonobo on Monday March 28, 2016 @10:34AM (#11374461)
I've published an unfunded side-project in PLOS ONE for free, they have a no-questions-asked free publication option. Back then, about 3 or 4 years ago, there was a box with "How much are you willing to pay?", I entered 0, it was published.