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 <email@example.com> 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 <firstname.lastname@example.org> To: Catherine Nelson <email@example.com> 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 > firstname.lastname@example.org > <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<> ---------- Forwarded message ---------- Date: Wed, 20 Dec 1995 09:56:36 -0800 From: Joe Wible <email@example.com> To: firstname.lastname@example.org 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). Abstract: 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.