The American Mathematical Society (AMS) is currently considering a proposal to start two new open access research journals. The proposed titles will be published as companion journals to two existing primary research journals, Proceedings of the AMS (PAMS) and of Transactions of the AMS (TAMS).
Open access provides free access to readers, but is not free to produce. Society publishers as well as commercial publishers must maintain editorial review boards and publication workflows to offer research papers to an international readership. Society publishers have much to consider in offering open access to their journal content. Typically, societies publish fewer journals than do commercial publishers. Societies rely heavily on journal subscriptions as well as membership fees to do their work in the world. All of these costs must be considered carefully as journals are made available for open access.
The move for immediate open access to scholarly materials to serve the needs of the community must be done gracefully. That is what AMS is attempting to do with a new open access proposal.