As a bit of background to the story about Elsevier giving £1 million to Oxford mathematics, here are three links. The main one below is to a blog post that gives some idea of how Elsevier doesn't give a ... about its lower-tier journals.

The other two are to information about Big Deal negotiations in South Korea ( and Finland ( The South Koreans appear to have capitulated UK-style when they got worried that access to journals would be cut off (ignoring what has happened in Germany, where Elsevier has maintained access despite not being paid for it), while the Finns have gone for a disappointing Dutch-style deal -- it looks to me as though it's probably roughly what they had before but with some discounts on APCs thrown in. That's why Elsevier can afford to splash out the odd million here and there.
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