The American Chemical Society (ACS) is defending its franchise against the challenge of Open Access in some creative ways.
Perhaps the most interesting idea is that ACS will provide the corresponding author of every article a credit of $1500 that can be used for any of their open access options. Think of it as a frequent author program, but, alas, like frequent flyer points, the credit ages out after three years. What is more the credits can be transferred.
What are the open access options? Well the immediate or 12 month embargoed options, but also a Creative Commons license so that authors can post the published article on their web site, or that of their institution, or in other open access repositories. Costs are $4000/article for immediate open access and $2000/article for the 12 month version. For members (a couple of hundred a year, but you gotta be a chemist), the costs are half that. The Creative Commons licenses are $1000/$500 for non-members/members
If the university or laboratory subscribes to all the ACS journals, ACS will provide special pricing for open access publication. That drops the immediate price down to $3000/article and the 12 month opening to $1500, with again 50% discounts for members.. ACS will also manage the interface between funder, institution and governments to meet the requirements of the authors and their funders, institutions and guess what governments.
Details and more
For giggles Eli took a survey today about academic publishers in which he trashed Elsevier, and, glory be, it turned out to be sponsored by Elsevier.
As Elsevier says to the libraries: Good Day! Are you prejudiced against former felons or would you rather subscribe to a magazine though me?