(Universityworldnews.com): Reed Elsevier, a UK-based international academic publication company, made £1,379 billion (US$2.3 billion) net profit last year, while its competitors Informa and Springer made smaller but similarly massive profits of £305.8 million (US$511 million) and 285 million euro (US$431 million) respectively. But there are huge social costs to these profits. Most academic libraries cannot afford to get all of these journals, so hard choices get made. The most well-endowed universities do manage to get the best of the journals, but the poorest do not.
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