Tracking the decline …

…Is Stanford University Press doomed? “This is a reprehensible moment for one of the richest universities.” | The Book Haven.

“Stanford has the world’s third-largest university endowment, valued in 2018 at $26.5 billion. Yet it is crying poverty to explain why it can no longer provide yearly $1.7-million subsidies to its acclaimed press. The announced cut, which became public in a Faculty Senate meeting on Thursday, has confounded and outraged faculty members and other press supporters, and is seen by many as a backhanded way of closing the scholarly publisher.

“‘This is a reprehensible moment for one of the richest universities in the world and a diminution of intellectual inquiry. It really boggles the mind,’ said Woody Powell, a Stanford sociology professor, a former member of the press’s editorial board, and a current adviser to it.”