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Huge journal profits hit universities

(Universityworldnews.com): Reed Elsevier, a UK-based international academic publication company, made 1,379 billion (US$2.3 billion) net profit last year, while its competitors Informa and Springer made smaller but similarly massive profits of 305.8 million (US$511 million) and 285 million euro (US$431 million) respectively. But there are huge social costs to these profits. Most academic libraries cannot afford to get all of these journals, so hard choices get made. The most well-endowed universities do manage to get the best of the journals, but the poorest do not.
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Informa needs 1.5bn for Springer bid

(Thisismoney.co): Publishing giant Informa will need to raise as much as 1.5bn to secure a takeover of German academic journals group Springer. The Lloyd's List publisher revealed that it has entered bid talks with its debt-laden rival, which was put up for sale by its private equity owners Candover and Cinven earlier this year.
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National Academies: data and method should be public

(Open access news): Advances in knowledge depend on the open flow of information. Only if data and research results are shared can other researchers check the accuracy of the data, verify analyses and conclusions, and build on previous work. Furthermore, openness enables the results of research to be incorporated into socially beneficial goods and services and into public policies, improving the quality of life and the welfare of society.
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Sharing Data Securely to Foster Product Development

(ARNnet.com): Boston Scientific wants to tear down barriers that prevent product developers from accessing the research that went into its successful medical devices so that they can create new products faster. But making data too easily accessible could open the way to theft of information potentially worth millions or billions of dollars. It's a classic corporate data privacy problem.
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Professional and Scholarly Publishing Leads the Market for Ebooks by a Wide Margin

(Scholarlykitchen.com): Given all the attention from mainstream media and the blogosphere, one would think that the publishing world revolved around trade books and that ebook readers, such as Amazon's Kindle, are as ubiquitous as teenage girls at the latest "Twilight" movie. As the attendees at the recent SSP Digital Opportunities and Challenges Seminar learned, however, the trade book industry's foray into the ebook market trails the professional and scholarly publishing (PSP) ebook market by a wide margin-and there is no evidence that will change in the foreseeable future.
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