Harvard’s annual cost for journals from these providers now approaches $3.75M. In 2010, the comparable amount accounted for more than 20% of all periodical subscription costs and just under 10% of all collection costs for everything the Library acquires. Some journals cost as much as $40,000 per year, others in the tens of thousands. Prices for online content from two providers have increased by about 145% over the past six years, which far exceeds not only the consumer price index, but also the higher education and the library price indices. These journals therefore claim an ever-increasing share of our overall collection budget. Even though scholarly output continues to grow and publishing can be expensive, profit margins of 35% and more suggest that the prices we must pay do not solely result from an increasing supply of new articles. Harvard's Faculty Advisory Council asks Harvard's faculty to change how they publish. [more inside]
The Open Access Policy of the National Institutes of Health mandates that NIH funded research is published to PubMed Central. This provides free online full text access to the resulting research. This policy has been very popular. As a result journal publishers have seen their business models threatened. As other government agencies consider similar policies, publishing industry lobbyists have worked to put an end to the practice.. (previously) [more inside]
Libraries and commercial publishers have struggled with each other over the skyrocketing costs of academic journals for years. As costs have increased more rapidly than library budgets, the libraries have had to cut journal subscriptions and other acquisitions. The recent recession has necessitated further cuts. Against this backdrop, Nature Publishing Group told the University of California that next year subscription prices would increase 400 percent, with the average annual cost of a journal increasing to $17,479. UC Libraries fought back with a combative letter to UC faculty suggesting that faculty should consider boycotting the journals, and cease submitting or reviewing articles for these journals. NPG responds, saying that UC currently pays unfairly low rates, and that "individual scientists, both within and outside of California are already suffering as a result of [UC]'s unwarranted actions."
Future Reading. Anthony Grafton explores what we can learn about the future of the text from the history of libraries, publishers, and the sorting of books. [more inside]