Word comes that MIT has now done the same:
From Inside Higher Ed:
The Massachusetts Institute of Technology announced Thursday that it is ceasing negotiations with academic publisher Elsevier for a new journal subscription contract. The institution currently subscribes to nearly 700 journals on a title-by-title basis. MIT joins a growing number of institutions that have decided to walk away from negotiations with the publisher, including the University of California system, the University of North Carolina at Chapel Hill and the State University of New York system...
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