Big Win For Open Access, As University Of California Cancels All Elsevier Subscriptions, Worth $11 Million A Year | Techdirt
tvol's bookmarks 2019-03-05
The problems faced by the University of California (UC) are the usual ones. The publishing giant Elsevier was willing to move to an open access model -- but only if the University of California paid even more on top of what were already "rapidly escalating costs". To its credit, the institution instead decided to walk, depriving Elsevier of around $11 million a year (pdf).
But that's not the most important aspect of this move. After all, $11 million is small change for a company whose operating profit is over a billion dollars per year. What will worry Elsevier more is that the University of California is effectively saying that the company's journals are not so indispensable that it will sign up to a bad deal. It's the academic publishing equivalent of pointing out that the emperor has no clothes.