Take the money and run

With library funds decreasing, for-profit publishers want your science research money.

To those in the know, this isn’t big news. Publishers have been hinting about it for some time.

Keys and money
For-profit (and some non-profit) publishers want more money, while keeping their content locked down and controlled. CC image courtesy of Flickr user Images_of_Money.

But a recent analysis report (PDF) has been making the rounds of the twitter-verse today, making a few things more explicit. Reed Elsevier: Is Elsevier Heading for a Political Train-Wreck? is an investment analysis from Claudio Aspesi and others at Bernstein Research:

Most important, at a time when budgets of academic libraries look likely to be constrained for years to come in many countries, Elsevier’s growth will increasingly depend on its ability to secure funding earmarked for general science research, instead of library funding.

This fascinating report, lays out the challenges facing Elsevier in an age of boycotts, open access, and increasing researcher awareness of the costs of scholarly publishing.

The report also focuses on Elsevier’s culture of control of their content. From limits on open access, licensing restrictions and text mining restrictions Elsevier wants to control who does what with their content. They want to take an ever increasing share of library budgets, then the research grant money, and they want to control what you do with the information you license from them. The investment analysts state:

We continue to be baffled by Elsevier’s perception that controlling everything (for example by severely restricting text- and data mining applications) is essential to protect its economics.

Recently, it seems like every year I talk to faculty in my departments and say “We have to make some tough choices due to flat budgets and increasing journal costs. What would you like to cancel?” Every time librarians do this, faculty become a bit more aware of the economics of scholarly publishing.

Elsevier isn’t the only publisher facing these challenges, and they might not even be the baddest apple in the group, but they are very big (my library pays more for their content than anyone else’s), and their actions are drawing the attention of the scholarly community.

It will be interesting to see how this develops. Stay tuned!