Libraries Could Save Over 70% on Research Articles?

Heather Morrison has a new post arguing that libraries could save 70% if all journal articles were open access. From the post:

At the PLoS average article processing fee of $1,649 U.S. per article, or BMC average article processing charge of $1,560 U.S., libraries worldwide could fund full open access to the world’s estimated 1.5 million scholarly peer-reviewed journal articles produced every year at less than 30% of current annual global academic library journal expenditures.

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