I came aross the following story about my institution dropping its current Elsevier journal subscription deal which is arranged as part of the UK-wide JISC organisation:
The full story is here. It seems like the general financial difficulties in UK Higher Education, as well as particular choices at Surrey have led to this. At a time when Universities, including Surrey, have been cutting costs by getting rid of staff, I am not at all sad to see them cutting costs by avoiding handing so much money to the academic publishers, who take our publicly-funded research without payment, then sell it back to us, all the while getting us to perform the peer-review for free.
I much prefer the model from the likes of SciPost, where I perform my sole editorial work these days. An online journal with low costs met through sponsorship, where neither scientists nor readers pay in the sharing of research
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