Big publishers, bigger profits : how the scholarly community lost the control of its journals
Article [Version of Record]
Is part of
Media trope ; vol. 5, no. 2, Libraries in crisis, pp. 102-110.Publisher(s)
Carleton University. Department of English language and literatureAbstract(s)
Despite holding the potential to liberate scholarly information, the digital era has, to the contrary, increased the control of a few for-profit publishers. While most journals in the print era were owned by academic institutions and scientific societies, the majority of scientific papers are currently published by five for-profit publishers, which often exhibit profit margins between 30%-40%. This paper documents the evolution of this consolidation over the last 40 years, discusses the peculiar economics of scholarly publishing, and reflects upon the role of publishers in today’s academe.