Five academic publishing companies, Reed-Elsevier, Springer, Sage, Wiley-Blackwell, and Taylor & Francis control a large portion of the academic publishing market, owning the journals where over 50% of articles are published.
This oligarchical model means that some have reported that Academic Publishing is one of the most profitable industries to be in, with profit margins that come close to or exceed 40% for these five publishers. Specialized demand, high status, and mediated institutional access through academic libraries have been cited as potential factors contributing to a crisis in cost and access.
At one time, the shift to online electronic access seemed to promise real savings in costs; for printing, distribution, and storage of information. These savings have not materialized, or have not been passed on to subscribers. Libraries routinely pay "institutional" subscription rates as much as ten times the cost of an individual personal subscription, without institutional usage to support that price. Publishers have found it lucrative to offer a package of all of their periodicals or eBooks, known as a "Big Deal" or bundle, at a price that looks reasonable on a cost-per-article-published basis. But these bundles have proven to be a tremendous and growing expense, which is ultimately not sustainable.
The cost of resources increases each year. Unfortunately, library budgets are rarely able to match these increases. These new technological tools and methods of dissemination have opened up new opportunities for how we can share and access research. But the possibilities of a more open and more equitable information landscape have largely gone unrealized. How do we, individually and collectively conceptualize our role as creators and users of information? How can we develop the tools and opportunities we have to try to help shift the publishing world towards one that is more deeply aligned with the values that drew many of us towards research and education? These are questions that academics and librarians have started to ask themselves and take action on.
The answers and our shared future are still being developed, but we encourage you to take a moment to see what other institutions are doing, learn about some of the ways that these publishers promote values that may be in conflict with your own ideals, and identify what possibilities exist and what steps we might take.
W&L is not alone in navigating the problems of the academic publishing world. All colleges and universities have been trying to adapt to best support faculty and students in a world of growing costs. Here are some examples of the ways colleges and universities are responding to this situation
Walking away from "Big Deal" subscriptions
Creating Open Access digital commons
Developing Open science programs or task forces
Providing increased resources for student information literacy development
We recognize that the challenges of access and academic publishing are complex and there will not be a single tool that will address all needs. We do not anticipate that W&L will be able to solve the problem alone, but we can support a needed cultural shift in how we access information, share our research, and support student and public access to knowledge.
This will involve changes to how we currently do things. We understand that change can be painful, which is why we are here to aid any needed transitions. University Library faculty and staff are working to try to minimize the disruption to your work processes through the integration of Open Access options, interlibrary lending, and other tools. The Library is here to support you as you make changes to your information- and knowledge-seeking behaviors.
The International Federation of Library Associations and Institutions (IFLA) represents the interests of library and information services and their users, and advocates for access to information resources.
Scholarly Publishing and Research Coalition- an international group of Universities, academic libraries, and other research institutions working to create a more open system of scholarly communication.
Sections of this guide were taken from or inspired by Bucknell University's Collection Development Sustainability Task Force Guide, licensed under a Creative Commons Attribution 4.0 International License.