Academic publishing: Of goats and headaches | The Economist 2012-07-31


[From Google's English] "HOW much would you pay for an annual subscription to Small Ruminant Research, Queueing Systems or Headache? University librarians pay rather a lot. In Britain, 65% of the money spent on content in academic libraries goes on journals, up from a little more than half ten years ago. With budgets tight, librarians are trying to resist price increases. But Derk Haank, the chief executive of Springer, a big publisher, is firm: “We have to make a living as well.” And what a living it is. Academic journals generally get their articles for nothing and may pay little to editors and peer reviewers. They sell to the very universities that provide that cheap labour. As other media falter, academic publishers have soared. Elsevier, the biggest publisher of journals with almost 2,000 titles, cruised through the recession. Last year it made £724m ($1.1 billion) on revenues of £2 billion—an operating-profit margin of 36%. Academic publishers have jumped deftly from paper to the internet. For more than a decade the dominant model has been the 'big deal'. Publishers sell access to large bundles of electronic journals for a price based on what colleges used to pay for paper ones. Prices of big deals rise at about double the rate of inflation ..."



01/18/2012, 03:34

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oa.budgets oa.profits oa.prices oa.access oa.elsevier oa.libraries oa.librarians oa.comment oa.publishers oa.business_models oa.german



Date tagged:

07/31/2012, 13:36

Date published:

06/01/2011, 04:34