This announcement just out! Joe Esposito has formed a partnership with Michael Clarke and David Lamb. The name of the firm is STM Advisers LLC. Joe says they formed this partnership to work in the growing area of mergers and acquisitions for STM publishing. And they have just completed their first transaction, the acquisition of PRE by AAAS.
STM Advisers LLC is proud to have advised the American Association for the Advancement of Science (AAAS) in its acquisition of PRE Peer Review Evaluation from the Journal of Bone and Joint Surgery, Inc. STM Advisors initiated the transaction and served as the representative of AAAS. PRE is a web-based service that promotes public trust in science by making the review of original research more transparent and verifiable. Offering benefits to readers, publishers, and authors, PRE can be customized to display details about how research articles have been assessed. “By presenting users with a simple visual `badge,’ the PRE technology provides information about each step in the peer-review process and the practices and values of journals,” Science Publisher Kent Anderson said. “In this way, PRE will make it easier for everyone to identify articles from legitimate scientific journals and to understand the peer-review history in more detail.”
The technology—launched in 2014 by the Journal of Bone and Joint Surgery, Inc. (JBJS), and acquired by AAAS on 30 June 2015—is consistent with the Principles of Transparency and Best Practice in Scholarly Publishing, Anderson noted. Those principles, established by the Committee on Publication Ethics (COPE), the World Association of Medical Editors (WAME), the Open Access Scholarly Publishers Association (OASPA), and the Directory of Open Access Journals (DOAJ), urge participating journals to clearly indicate whether or not articles have been peer-reviewed, and to publicly disclose peer-review procedures.
PRE is already available to users of the JBJS family of journals as well as those published by the American Diabetes Association. PRE will continue to support existing integrations with the HighWire Press publishing platform and with the Aries Systems’ Editorial Manager manuscript system. Integrations with other scholarly publishing platforms and manuscript submission systems are already in development. Moving forward, AAAS plans to further develop the PRE technology so that it can verify whether or not an author has deposited supporting data to an appropriate repository, said Eric Hall, Product Director for PRE.
Anderson commended the pioneering work of PRE Founder Adam Etkin. “We are indebted to Adam Etkin for his innovation and leadership in developing PRE to help promote ethical, rigorous peer review,” Anderson said. “His vision and creativity have consistently advanced the highest standards in scholarly publishing, and although he will now step away from his role as PRE managing director, I look forward to watching his continued progress.”
Moving right along, Pearson has announced it is selling the Financial Times news group to Japanese business media company Nikkei for $1.3 billion. While the sale includes all FT assets, including the newspaper, associated websites and conference business, Pearson’s 50-percent stake in The Economist Group is not impacted by the deal. “We’ve reached an inflection point in media, driven by the explosive growth of mobile and social. In this new environment, the best way to ensure the FT’s journalistic and commercial success is for it to be part of a global, digital news company,” says John Fallon, Pearson’s CEO, in a statement. “Pearson will now be 100 percent focused on our global education strategy.” The sale came less than a week after first reports that Pearson had put the company on the block. German media conglomerate Axel Springer had been widely been considered the favorite to land the FT. Initial estimates had put the price tag at $1.6 billion. This was reported by Michael Rondon
Beth Berhardt, Leah Hinds, Tom Gilson and I spent all day Saturday refereeing 308 Charleston Conference proposals for concurrents, shotguns, lively lunches, posters, etc., etc. Beth was in the middle of moving since she and Chris have sold their house and are moving into an apartment. So she got a gold star for taking the time to come to Charleston. Tom Gilson had gone boating at Lake Jocassee in the South Carolina upstate and me, I stayed put. Still, we finished and you will all be hearing from Beth or Leah shortly. Hang tight! Thanks to ALL who prepared proposals. It’s going to be a great one. The 35th!
Oh! Forgot to tell y’all that Beth, Leah, my husband Bruce and I were allowed to tour the Gaillard Center on Friday. We looked like professional builders in our long-sleeved shirts, boots, work gloves and vests, and hard hats. Only four of us were allowed in at once, and we weren’t allowed to take pictures.The performance hall is exquisite, but some of the other areas are still under development. Like I said — This Conference is going to be a memorable one! The 35th! Have you registered yet?