“Who controls journals?” asks an article in the online Insider Higher Ed (7 July 2009):
As more journals shift from being run by university presses and scholarly societies to corporate entities, the goal is better management, better sales (since packages of journals are frequently sold together) and economies of scale. The fear of some involved in journal publishing is that corporate interests will limit the role of scholars in making key decisions.
On Monday, both the promise and concerns about corporate management of scholarly journals were evident. Sage Publishing announced that it would start publishing (but not owning) the flagship journal in sociology — American Sociological Review — along with seven other journals that until now have been directly published by the American Sociological Association. The move by sociologists follows by two years a similar announcement by the American Anthropological Association that it was shifting its journals from the University of California Press to Wiley-Blackwell.
The entire article (linked above) is accessible to all without subscription.