From Slashdot a story about how the Faculty Advisory Council to the Library (of Harvard) sent around a Memorandum on Journal Pricing arguing that periodical subscriptions are not sustainable and that faculty should therefore publishing in open-access journals.
The Faculty Advisory Council to the Library, representing university faculty in all schools and in consultation with the Harvard Library leadership, reached this conclusion: major periodical subscriptions, especially to electronic journals published by historically key providers, cannot be sustained: continuing these subscriptions on their current footing is financially untenable. Doing so would seriously erode collection efforts in many other areas, already compromised.