In AI, two of the top journals are now open-access and run on a shoestring budget by academics, so also don't have any publication charges: http://jmlr.org http://jair.org
Here was the 2001 letter that kicked off JMLR: http://jmlr.org/statement.html
In AI, two of the top journals are now open-access and run on a shoestring budget by academics, so also don't have any publication charges: http://jmlr.org http://jair.org
Here was the 2001 letter that kicked off JMLR: http://jmlr.org/statement.html
Why do we even need the dated journal model? Push everything to a central arXiv, biorXiv like repo (funded as they are by small donations from institutions). Couple this with open post-publication peer review and endorsements. Millions of tax dollars saved around the world, research open to everyone.
The counter argument is the rubber stamp that accompanies a prestigious journal (and filtering the crazies) but if the repo was accompanied with a suitable array of article-level metrics and thorough categorisation the good science can continue to filter to the top, much like how HN and reddit work.