The University of Missouri is closing its academic press to save money. The university system provides a $400,000 annual subsidy to the press. The Missouri press has also had a recent yearly deficit of between $50,000 and $100,000.

Tim Wolfe, the new president of the university system, and Board of Curators chairman David Bradley, say the university hopes to soon unveil a new model for the 54-year-old publishing house that will emphasize digital distribution.