Ryerson University says it must cancel journal subscriptions, like MUN is considering - Newfoundland & Labrador - CBC News

"Following news that Memorial University is considering cancelling its subscription to thousands of academic journals, the Ryerson University library has released a statement saying that similar cancellations are on the way for its school. The situation is similar for several universities, who are struggling under what has been called an "exploitative" publishing system....A 2015 study out of the Universite de Montreal determined that a handful of publishing houses control the majority of academic journals, and called the publishers' behaviour "exploitative." ...The study said publishers significantly increase their subscription prices and profit margin every year, knowing libraries have little choice but to continue paying. "Due to the publisher's oligopoly, libraries are more or less helpless," the study said....The Ryerson library said that as more open access journal models emerge, faculty must "band together and be forces for change....This is the beginning of a sea change – we must be part of it and see the opportunity that has been presented in challenging circumstances," it said."