Lindsay McKenzie, in the Chronicle:

The Carnegie Mellon deal covers the open-access publishing costs of 100 percent of articles published in Elsevier journals where a Carnegie Mellon academic was the corresponding author. The university currently publishes around 175 articles a year in Elsevier journals, Webster said. It’s possible that number could increase as a result of the read-and-publish deal.

The big question — how much the university is paying — is one that will go unanswered for now.

“We have agreed not to give any financial details,” Webster said. “All I can say is that we achieved the financial objectives we set out to achieve.” The institution’s previous subscription deal cost around $1.65 million per year.

This is disappointing news—and not just because of the unforgivable (if routine) secrecy. It’s the embrace of the read-and-publish model itself, with all of its disturbing European momentum. The key problem with so-called “transformative” deals is inequity: rich/poor institutions and North/South gaps. The effect is to prop up the hybrid OA/tolled journal system and, in effect, to heap the readership and citation rewards on those who can afford them.