Re:isn't the whole point of academic publishing... (Score 1)

the knuth letter mentioned by an earlier poster had some interesting facts regarding the payment of editors: annual salaries of a small sample of editors were "$6K, $12K, $14K, and $22.5K". if this is anywhere near representative, the cost of editing strikes me to be quite insubstantial given the price of journal subscriptions (quoting again: "Elsevier was charging Stanford $4878 for a year's subscription to Theoretical Computer Science and Science of Computer Programming.")