MIT Libraries End Contract With Elsevier Over Open Access
Standing by its commitment to provide equitable and open access to scholarship, MIT has ended negotiations with Elsevier for a new journals contract. Elsevier was not able to present a proposal that aligned with the principles of the MIT Framework for Publisher Contracts.
This is a big deal for the academic publishing world. Journal publishers have retained their old fashioned business models from the days of printing and distributing paper journals to the detriment of open dialogue in the scientific community. Elsevier has even gone as far as fighting open access policies for publicly funded research. Unsurprisingly, the MIT Libraries has a great page with details.