Unbundling Profile: MIT Libraries
SPARC,
Aug 19, 2024
People who work with and edit academic journals today are experiencing enormous distress as the product of their life's work is packaged and sold to AI companies. But they've had decades to try something else. We're beginning to finally see some evidence of academia severing its ties to commercial publishers. In the current case, "MIT leaders describe the experience of not renewing its largest journal contract as overwhelmingly positive... Since the cancellation, MIT Libraries estimates annual savings at more than 80% of its original spend. This move saves MIT approximately $2 million each year, and the Libraries provide alternative means of access that fulfills most article requests in minutes." It's also money MIT can use to publish its own articles as open access publications.
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