Scientists paid large publishers over $1 billion in four years to have their studies published with open access | Science | EL PAÍS English

Stefanie Haustein considers it “obscene” that the profit margins of the main publishers “reach between 30% and 40%, well above most industries.” The researcher gives the example of the Dutch giant Elsevier, which last year published 600,000 studies, a quarter of which were open access. Elsevier’s annual income was $3.5 billion, with $1.3 billion in profit, according to its 2022 accounts. “This means that for every $1,000 that the academic community spends on publishing in Elsevier, about $400 go into the pockets of its shareholders,” Haustein explains.

Greedy bastards

#academics #science #elsevier

https://english.elpais.com/science-tech/2023-11-21/scientists-paid-large-publishers-over-1-billion-in-four-years-to-have-their-studies-published-with-open-access.html