I'm excited about the increasing frequency in which articles on this topic are showing up on HN. I believe that many of the problems in academic publishing can be remedied by giving the scholarly community affordable tools to manage and publish journals. After all, they are already writing and peer-reviewing the material themselves. Full disclosure: I'm a founder of a company called Scholastica (https://www.scholasticahq.com), a peer-review and publishing platform used by hundreds of journals across a variety of disciplines ranging from law to mathematics. Sir Timothy Gowers, the Fields Medal winner and Cambridge Mathematics prof, launched a high-quality ArXiv overlay journal on the platform about a year ago (http://discreteanalysisjournal.com/) which I think lends credence to the idea that the scholarly community can write, review, and publish work without relying on the current corporate publisher status quo.