By Stephan Manning and Keshav Krishnamurty.
In his new article “Putting the ‘Public’ Back into ‘Publication’”, Mike Valente uncovers the outrageous profit-making model of commercial publishers of academic journals. Publishing houses like Elsevier and Springer generate enormous profits without actually contributing anything to knowledge production. They neither produce content nor pay the ones who do. They do not even review papers, but instead delegate this task to voluntary academic editors and reviewers. Yet, publishers continue to charge $30 or more per paper download and $4,000 to $20,000 for annual journal subscriptions. Thanks to online distribution and reduced printing costs, publishers can turn 40% of their revenues into profit. Commercial publishing has not only hindered public access to academic knowledge, but has created high costs for university libraries and justified high student fees. So, why does nobody care to change this profit-making model, and what would it take to change it?