“Publishers of academic science, technology and medical journals are getting kudos from Wall Street for their healthy profits. The industry’s $7.5 billion Anglo-Dutch giant, Reed Elsevier, publishes 1,300 journals and had 2002 profit of $271.5 million, up from $181.4 million a year ago.”
“But the librarians who buy their journals are giving publishers their ire. Librarians only see rising prices and future cuts in what they can order. The average cost of a journal in science, technology or medicine jumped 215 percent from 1986 to 2001, says the Association of Research Libraries, more than three times the increase in the consumer price index.”
“It’s like beating widows and orphans for money,” said Carol Mandel, dean of New York University’s libraries.” (from Newsday)
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