Michael Nielsen has a
post
linking to a post
linking to a post
noting that the editorial board of the Journal of Algorithms
(published by Elsevier) resigned en masse to start a new journal
Transactions on Algorithms to be published by ACM.
I won't rehash all of these posts but let me make two points.
This move is not without precedent. For example the board of the
journal Machine
Learning (published by Kluwer) resigned en
masse
a few years ago to start the online
Journal of Machine Learning
Research. If publishers like Kluwer and Elsevier continue with
their current pricing policies we will continue to see
defections. Note though that Kluwer has managed to keep
Machine
Learning active.
From Felten:
Computer scientists are lucky, in
that most of our best journals and conference proceedings are
published by our professional societies at reasonable prices and
terms. This is true for American conferences, most non-American
theory conferences use Springer's LNCS
series. For journals, the professional societies (ACM, IEEE Computer
Society, SIAM) publish only a small fraction of computer science
journals. While many of the best theory papers go to the Journal of the
ACM, Transactions on Algorithms will be ACM's first journal
devoted to papers in theoretical computer science.