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Serial Cancellation article in Forbes magazine Catherine Nelson 20 Dec 1995 20:18 UTC

Date: Wed, 20 Dec 1995 11:40:36 -0800 (PST)
From: Catherine Nelson <>
Subject: Serial Cancellation article (fwd)

One of the collection development librarians sent this to me. I thought it
might be of interest to the list.

Catherine Nelson

---------- Forwarded message ----------
Date: Wed, 20 Dec 1995 10:45:06 -0800 (PST)
From: Rosemary Meszaros <>
To: Catherine Nelson <>
Subject: Serial Cancellation article (fwd)

Catherine - Thought you might be interested in this article Jim Markham
sent.  Rosemary

Rosemary Meszaros               >
Davidson Library, SEL           >
University of CA Santa Barbara  >
VOX: 805/893-2647 FAX: 893-8620 >       >

---------- Forwarded message ----------
Date: Wed, 20 Dec 1995 09:56:36 -0800
From: Joe Wible <>
Subject: Serial Cancellation article

You might be interested in reading this article.

Note that Elsevier's stock dropped after it was published!


Hayes, John R.
      The Internet's first victim? (academic publisher Reed Elsevier;
    electronic publishing infringes on traditional publishing services)
    (Industry Trend or Event)
      Forbes v156, n14 (Dec 18, 1995):200 (2 pages).

    London-based academic publishing house Reed Elsevier may be losing its
    profitable business to the powers of the Internet. Louisiana State
    University's library recently retracted a $446,000 subscription of 1,569
    scholarly journals from Reed Elsevier, opting instead for an Internet-based
    service that enables the library to generate a requested article within two
    days. Instead of paying out $446,000, the library only needed to pay
    $25,000 in copyright and delivery fees. Students and professors can now use
    the Internet to review over 17,000 academic journals' table of contents and
    order any of the articles therein. The university utilizes the services of
    the UnCover Co, an article retrieval company that offers journals' table of
    contents on the Internet and faxes along any requested articles for roughly
    $13 each. Reed Elsevier is certain that the Internet will not completely
    overtake its businesses since professors still need their products. The
    flexibility and speed of electronic publishing could alter the landscape of
    traditional ink-on-paper publishing.

excerpt from AFX News:

    Elsevier was most active in early trade with turnover of over half a
million shares, edging up 0.10 to 21.50 after Reed Elsevier chairman Ian Irvine
said current trading remained strong and in line with expectations and that
prospects for its scientific publishing activities were very good.
    Irvine made the statement in response to a Forbes magazine article
suggesting Reed Elsevier would be  Internet's first victim:  this and a
downgrade by Merrill Lynch caused Elsevier to drop yesterday, brokers noted.