Harvard University’s Faculty Advisory Committee has sent out a memo requesting that professors encourage the growth of free, open-access journals. Highlights from the memo include:

• Harvard’s annual cost for journals is $3.75 million. The most expensive journals can cost as much as $40,000 per year and the price is rising unsustainably. In some cases prices have risen by as much as 145% in a year.
• Harvard faculty are encouraged to “move prestige to open access”.
• They are also asked to “consider resigning” if they are on the editorial board of pay for access journals.

To read the full memo and find out what the profit margins of the journals are, click here.

Source: The Harvard Library

Via: Arstechnica