“Oligarchy” of Publishers

From CBC News — an interesting report on a new study just published in PLoS One about the academic publishing industry.

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.

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What he and his collaborators found was that the five largest, for-profit academic publishers now publish 53 per cent of scientific papers in the natural and medical sciences – up from 20 per cent in 1973. In the social sciences, the top five publishers publish 70 per cent of papers.

Essentially, they’ve become an oligarchy, Larivière and co-authors Stefanie Haustein and Philippe Mongeon say in a paper published last week in the open access, non-profit journal PLOS ONE.