Open Access News

News from the open access movement

Sunday, February 22, 2009

Massive profits for Elsevier, LexisNexis

Reed Elsevier, parent company of TA publisher Elsevier and TA legal information service LexisNexis, has released its preliminary financial numbers for 2008. (Thanks to Heather Morrison.) Some excerpts:
  • Elsevier reported operating profits of 538 million (approx. $814 million USD), an 11% increase over the previous year.
  • LexisNexis reported operating profits of 513 million (approx. $735 million USD), an 18% increase over the previous year.