Relx tumbles on open access debate - Investors' Chronicle

"Relx’s (REL) shares fell by around 7 per cent following news that the University of California (‘UC’) had terminated its contract with its Elsevier business. A press release from the UC Office of the President said that “Elsevier was unwilling to meet UC’s key goal: securing universal open access to UC research while containing the rapidly escalating costs associated with for-profit journals”. It noted UC’s 10 campuses represent almost a tenth of all US publishing output...."