A university press is an academic publishing house specializing in monographs and scholarly journals. They are often an integral component of a large research university. They publish work that has been reviewed by scholars in the field.[2] They produce mainly academic works but also often have trade books for a lay audience. These trade books also get peer reviewed.[2] Many but not all university presses are nonprofit organizations, including the 160 members of the Association of University Presses.[3]
Because scholarly books are mostly unprofitable, university presses may also publish textbooks and reference works, which tend to have larger audiences and sell more copies. Most university presses operate at a loss and are subsidized by their owners; others are required to break even.[4] Demand has fallen as library budgets are cut and the online sales of used books undercut the new book market. Many presses are experimenting with electronic publishing.[5]