"Academic publishers make Murdoch look like a socialist"

Guardian article HERE. One takeaway:

The returns are astronomical: in the past financial year, for example, Elsevier's operating profit margin was 36% (£724m on revenues of £2bn). They result from a stranglehold on the market. Elsevier, Springer and Wiley, who have bought up many of their competitors, now publish 42% of journal articles.

It's very interesting that this has broken out of being just something that the Chronicle of Higher Education covers.