In a major announcement, the University of California this week announced that after months of negotiations, it has terminated its subscription to Elsevier journals. In a release, U.C. officials said Elsevier was unwilling to meet U.C.’s key goal in the negotiations: “securing universal open access to U.C. research while containing the rapidly escalating costs associated with for-profit journals.”
Source: Taking a Stand for Open Access, University of California Terminates Elsevier Deal