Five leading universities have signed a compact that subsidies open access journals---and that will have an impact and repercussions throughout the worlds of scholarly publishing and in provost's offices everywhere. Today, I'm meeting with Duke's own Digital Futures Taskforce about our own draft open access policy and we hope also to discuss this new development. There's a great piece with more detail and links on Inside Higher Education.
Here's the url: http://www.insidehighered.com/news/2009/09/15/open
"Five leading universities announced a new "Compact for Open Access Publishing Equity" in which they have pledged to develop systems to pay open access journals for the articles they publish by the institutions' scholars. In doing so, the institutions are attempting to put to rest the idea that only older publication models (paid and/or print) can support rigorous peer review and quality assurance.
By embracing a new model, the institutions say, they hope to shift away from a system in which rising journal prices have frustrated librarians, and the lack of free access has frustrated those whose institutions can't afford many journals.
The universities involved are inviting others to join them, so that more and more institutions are clearly behind the open access movement."
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