Academic publishers reap huge profits as libraries go broke

CBC News, Jun 15, 2015
Commentary by Stephen Downes
files/images/university-of-toronto-library-student-bound-journals.jpg

So I wrote another of my periodic messages to our own library services today recommending dropping some particular subscriptions and recommending they reconsider whether we spend money on these subscriptions at all. Because, really, why should we? It's good money spent badly. And as we read in this CBC article discussing the report published last week (covered in OLDaily here), the publishers are making out like bandits while libraries struggle to provide even basic services. "The quality control is free, the raw material is free, and then you charge very, very high amounts – of course you come up with very high profit margins."

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