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Academic publishers reap huge profits as libraries go broke

“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.” (via CBC)

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