Open Access Threat to Reed's Publishing Empire
Richard Wray,
Feb 20, 2004
There has been a certain amount of buzz surrounding the release of Reed Elsevier's profit figures for 2003, as the publisher of academic journals has managed to set new earnings records despite, as it says, "difficult market conditions." FOS News links to slides and a webcast and notes, "see slide 32 for the vices of open access and slide 33 for the virtues of Elsevier." The Guardian coverage is a bit light, but suggests that the halcyon days may be over for the publisher; "storm clouds are gathering on the horizon," it writes. The story has caused Reed Elsevier to respond, saying "Open access has the opposite impact. It reduces accessibility to global content, as of today, it has 1% market share."
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