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"Topology" was the most prestigious journal in its field (i.e., mathematical topology). It and lots of other journals got bought up by Elsevier, who then proceeded to raise the prices to stratospheric levels.

The editors decided they didn't feel like playing along:

http://math.ucr.edu/home/baez/topology-letter.pdf



Thats awesome, the editors left and started the Journal of Topology, run at significantly lower cost:

http://en.wikipedia.org/wiki/Topology_(journal)

http://www.oxfordjournals.org/our_journals/jtopol/editorial_...




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