Academic Journals Lead the Way in Profits

By Lawrence Biemiller. Did you know that Elsevier, the big scholarly-journal publisher, has a more lucrative business than Apple’s? That’s among the points made in a Green Mountain College professor’s striking look at the highly profitable academic-publishing business. The professor—Jason Schmitt, director of the college’s communications-studies program—calls scholarly journals “the most profitable obsolete technology in history.” More...