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Forgot to mention that for the privilege you also give up publication rights. So, let's review: You pay to publish. They charge outrageous fees for access. You
by robg 18y ago
Forgot to mention that for the privilege you also give up publication rights. So, let's review:
You pay to publish.
They charge outrageous fees for access.
You retain the copyright, they retain the publication rights.
To be fair, I can't imagine their business model is making anyone rich. They pay professional editors and they pump out alot of PR that's good for science. But the original complaint - access on old manuscripts - is very valid.
- michael_nielsen 18y agoThe largest journal company, Elsevier, made about 1.5 billion in profit last year, on about 5 billion in revenue. Not bad.
- robg 18y agoWow - link? Are they publicly traded?
- michael_nielsen 18y agoI dug this out of Reed-Elsevier's last financial report, for a book I'm writing. Reed-Elsevier is Elsevier's parent company, and is publicly traded. I don't have the reference immediately to hand (found it several months back), but I started with Google. It took me quite a bit of time to track down.
- razzmataz 18y agoIsn't Springer-Verlag a part of that publishing empire?
- michael_nielsen 18y agoNo, Springer-Verlag is a separate journal publisher.