Academic publishers reap huge profits as libraries go broke

CBC:

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.