Open Access News

News from the open access movement


Tuesday, December 14, 2004

Celebrating high prices and margins

David Mort, STM Publshing Provides A Safe Haven in Choppy Waters, Research Information, November/December 2004. Excerpt: 'Scientific publishers and vendors continue to post double-digit profit margins, even though the industry as a whole is only experiencing low single-digit margins overall. STM information sales are also healthy and employment levels are high in contrast to the wider information industry, which is seeing falling sales and shedding employees....While users may view these high profits with some concern, given the tight budgets in many sectors and price rises for STM information, the good news is that many companies are utilising these healthy profits to invest in new product developments and new technologies.' (PS: This is as close as Mort comes to mentioning the harm caused by high and rising journal prices. His rosy forecast does not mention open access, scientists, or libraries.)