Elsevier's recent update to its letter to the mathematical community

Elsevier’s recent update to its letter to the mathematical community

"They are behaving much as one would expect: offering minimal concessions that will look as good as possible while keeping their profits intact. I realize that asking them to deal with the objections to bundling and exposing their journals to genuine competition is making a demand they are most unlikely to accede to, since their huge profits are based on stifling this competition. So instead, we must press on with the more positive step of developing alternative models, something I shall report on in the near future. "

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