News: Farewell to the Printed Monograph - Inside Higher Ed: "Within two years, press officials expect well over 50 of the 60-plus monographs that the press publishes each year -- currently in book form -- to be released only in digital editions. Readers will still be able to use print-on-demand systems to produce versions that can be held in their hands, but the press will consider the digital monograph the norm. Many university presses are experimenting with digital publishing, but the Michigan announcement may be the most dramatic to date by a major university press.The University of Missouri Press and the State University of New York Press both have announced layoffs in recent months, while Utah State University Press is facing the possibility of a complete elimination of university support.The paragraph that reveals the opportunity starts with "While Pochada . . . "
Michigan officials say that their move reflects a belief that it's time to stop trying to make the old economics of scholarly publishing work. "I have been increasingly convinced that the business model based on printed monograph was not merely failing but broken," said Phil Pochoda, director of the Michigan press. "Why try to fight your way through this? Why try to remain in territory you know is doomed? Scholarly presses will be primarily digital in a decade. Why not seize the opportunity to do it now?"
While Pochoda acknowledged that Michigan risks offending a few authors and readers not ready for the switch, he said there is a huge upside to making the move now.
Meanwhile, ff you happen to be interested in textbooks, here's the good part:
. . . the University of Michigan Press is a major publisher of textbooks in English as a second language, and those publications are expected to continue in print format.I'm thinking that since textbooks live in the dog food market, they still make a nice profit.