excerpt:
At the end of 2003, the entire editorial board of the Journal of Algorithms resigned to start ACM Transactions on Algorithms with a different, lower priced publisher, at the suggestion of Journal of Algorithms founder Donald Knuth.
The actual letter (pdf): http://www-cs-faculty.stanford.edu/~knuth/joalet.pdf
excerpt:
At the end of 2003, the entire editorial board of the Journal of Algorithms resigned to start ACM Transactions on Algorithms with a different, lower priced publisher, at the suggestion of Journal of Algorithms founder Donald Knuth.
The actual letter (pdf): http://www-cs-faculty.stanford.edu/~knuth/joalet.pdf