Tuesday, June 16, 2015

Academic publishers reap huge profits as libraries go broke - Stephen's Web ~ OLDaily

Stephen's Web ~ OLDaily

CBC News, Jun 16, 2015

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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