Academic Journals: The Most Profitable Obsolete Technology in History | HuffPost
peter.suber's bookmarks 2020-11-27
Summary:
"The music business was killed by Napster; movie theaters were derailed by digital streaming; traditional magazines are in crisis mode—yet in this digital information wild west: academic journals and the publishers who own them are posting higher profits than nearly any sector of commerce.
Academic publisher Elsevier, which owns a majority of the prestigious academic journals, has higher operating profits than Apple. In 2013, Elsevier posted 39 percent profits, according to Heather Morrison, assistant professor at the University of Ottawa’s School of Information Studies in contrast to the 37 percent profit that Apple displayed. ..."