The Economist has an update on the gathering momentum of Open Access:
AT THE beginning of April, Research Councils UK, a conduit through which the government transmits taxpayers’ money to academic researchers, changed the rules on how the results of studies it pays for are made public. From now on they will have to be published in journals that make them available free—preferably immediately, but certainly within a year.
In February the White House Office of Science and Technology Policy told federal agencies to make similar plans. A week before that, a bill which would require free access to government-financed research after six months had begun to wend its way through Congress. The European Union is moving in the same direction. So are charities. And SCOAP3, a consortium of particle-physics laboratories, libraries and funding agencies, is pressing all 12 of the field’s leading journals to make the 7,000 articles they publish each year free to read. For scientific publishers, it seems, the party may soon be over.
It has, they would have to admit, been a good bash. The current enterprise—selling the results of other people’s work, submitted free of charge and vetted for nothing by third parties in a process called peer review, has been immensely profitable. Elsevier, a Dutch firm that is the world’s biggest journal publisher, had a margin last year of 38% (…)