Un negocio redondo | eldiario.es
alespierno's bookmarks 2018-06-12
Summary:
[From Google Translate] A round business
The scientific publishing business is controlled by five multinational publishers: 53% of all articles published in 2013 were made under the name of these brands
This is a round business: no marginal costs and constant demand. In such a favourable scenario, it seems logical that they should achieve profit margins of between 18% and 23%. The Elsevier Group made record net profits in 2017: almost US$ 2 billion.
Much of that amount is net losses of public money that could be spent on research rather than on dividends to a few shareholders. To improve, for example, the conditions of a (also) precarious sector that is key to economic development and social welfare.