[gumby]

However there is also the loss of prestige for Elsevier.

MIT is one the the preeminent universities in the world, perhaps the preeminent one.* The loss of MIT gives permission to other institutions who may be more concerned about reputation to do the same (they don’t want to generate whispers of “did they do this because they are having money troubles?”). It may also cause authors to submit other prestigious journals before elsevier ones.

* really any change in the top 10 ranked schools from year to year are just a kind of browning motion. They are as a group equally prestigious.

[admdly]

Nothing against the overall sentiment, and even considering the audience here, but surely the quote below isn’t serious:

MIT is one the the preeminent universities in the world, perhaps the preeminent one.

[vk5tu]

Yeah, that's an odd claim when it is more the adequate to say that MIT is closely observed by other technical institutions worldwide.

The difference in approach, outcome and size of expenditure between MIT and the University of California System in their negotiations with Elsevier interests university libraries everywhere when considering their own publications strategies. It is great that both institutions have been open about their budgets, their negotiation stance, and the outcome.

[nicwilson]

* Brownian motion. "browning motion" sounds like a euphamism for something else...

[dredmorbius]

s/browning/Brownian/

<https://en.wikipedia.org/wiki/Brownian_motion>

TIL: Named for Robert Brown.

[gumby]

Unfortunately apple autocorrect doesn't know this and I didn't notice until it was too late to edit.