All 40+ editors of #Elsevier's _NeuroImage_ just resigned to protest the journal's high #APC and launch a new, more affordable #OpenAccess journal.
https://imaging-neuroscience.org/Announcement.pdf

"Elsevier…set the NeuroImage APC…at $3,450 USD. Compared against this, estimates of direct article costs at relevant journals are generally around $1,000 or lower.…It is wrong for publishers to make such high profits."

See the #OpenAccessDirectory list of similar journal Declarations of Independence.
https://oad.simmons.edu/oadwiki/Journal_declarations_of_independence

Update. MIT Press (@themitpress) makes it official:

The MIT Press to launch #OpenAccess journal Imaging Neuroscience
https://mitpress.mit.edu/the-mit-press-to-launch-open-access-journal-imaging-neuroscience/

The MIT Press to launch open access journal Imaging Neuroscience

In a significant move, the former editorial teams of Neuroimage and Neuroimage: Reports will lead the new MIT Press journal, delivering on promise to lower APC fees.

MIT Press
@petersuber @themitpress
" Imaging Neuroscience will have an initial article processing charge of $1,600"
wouldn't this have been a good opportunity for Diamond Open Access?
@petersuber @themitpress ⬆️ important story. Not the best or only solution, but a crucial lesson: by a simple collective act the people who actually make the journal lowered the #OpenAccess publication cost by 50+%

@petersuber @themitpress

I like how everywhere else in the world "open access" means the author pushes to some publicly shared git repo or similar, but in academia it means you pay a corporation.

But when one sees it is Nature/Springer (oligarch owned) that pushes "open access", it makes sense.

"Open Access" is not Libre.

#OpenAccess

@petersuber Thanks for that OAD link Peter. I've shared it with my colleagues as we've been asked 'who's done this before'
Elsevier and Scopus pincer grip on academic politics must be broken! More power to this new journal!
@petersuber it doesn't sound like it's going to be that much more affordable. Researchers should not have to pay to publish, full stop.
@petersuber I'd also like to see how those costs per article are estimated.