Quotes

An Open Letter

The University Press of Kentucky

Dear Supporters of the University Press of Kentucky:

Based on the recently passed state budget, the University Press of Kentucky (UPK) will lose approximately $672,000 out of a total operating budget of $2.86 million against sales of $1.92 million. The University of Kentucky will work with UPK to plan increases in efficiency and enhanced revenues to partially offset the loss of funding. Further, the University of Kentucky and all partner institutions of UPK will be expected to provide financial support to fill any remaining funding gap. The long-term goal is to chart a strong path forward for UPK.

The fact is that many university presses receive funding and support from multiple sources. Against that backdrop, a fresh approach to our funding model is economic reality. It reflects that technology and other forces are changing the way we transmit and discuss ideas. We should seize this moment to continue to evolveā€¦

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Posted April 8, 2018 by Randolph Hollingsworth

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