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