Titus Stahl

Publishers reap profits as libraries go broke

CBC News reports:

Think it’s hard to make money in publishing in the digital age? Well, huge profits are still to be had – if you’re a publisher of academic research journals.

While traditional book and magazine publishers struggle to stay afloat, research publishing houses have typical profit margins of nearly 40 per cent, says Vincent Larivière, a researcher at the University of Montreal’s School of Library and Information Science.

‘The quality control is free, the raw material is free, and then you charge very, very high amounts – of course you come up with very high profit margins.’– Vincent Larivière, University of Montreal