Is the staggeringly profitable business of scientific publishing bad for science?
Submitted by Blake on June 28, 2017 - 4:44pm
The core of Elsevier’s operation is in scientific journals, the weekly or monthly publications in which scientists share their results. Despite the narrow audience, scientific publishing is a remarkably big business. With total global revenues of more than £19bn, it weighs in somewhere between the recording and the film industries in size, but it is far more profitable. In 2010, Elsevier’s scientific publishing arm reported profits of £724m on just over £2bn in revenue. It was a 36% margin – higher than Apple, Google, or Amazon posted that year.From Is the staggeringly profitable business of scientific publishing bad for science? | Science | The Guardian