More on redirecting funds from TA to OA

Heather Morrison, Transitioning to open access: beyond fear of change, Imaginary Journal of Poetic Economics, December 18, 2006.  Excerpt:

...In a recent very well-written post to Liblicense, Sandy Thatcher, Director of Penn State University Press, expresses the viewpoint that a critical mass of self-archived articles will cause sudden, nonlinear change, "a point at which major disruption to the system could occur, with at least very harmful short-term consequences". Sandy is concerned about the possibility of "a real "tipping point," which would lead some major publishers to abandon the field of STM journal publishing in the belief (however erroneous) that they could not sustain their expected profit margins under the new regime thus legislated".

Sandy goes on to point out that an exodus of a few major publishers from the system, due to perhaps erroneous beliefs about cancellations, would cause major disruption in the scholarly communications system. Sandy worries that journals would not be able to find new homes, because "smaller publishers, especially university presses, simply do not have the capital to launch the kinds of sophisticated systems that these major players can provide..."

What Sandy is overlooking is the fact that if a few large, highly profitable publishers were to suddenly decide to go into other businesses - there would suddenly be large amounts of capital available from library budgets, to support university presses such as Penn State. So if, in such a scenario, there are "plenty of professors, administrators, and librarians appealing to us to expand our journals program", as Sandy predicts - no worries, they will have lots of cash! ...