Colateral damage (please RTFA) (Score 4, Insightful)

Remember that the Royal Society is a non-profit organization, and does more than just publish journals. They also fund research, organize meetings, and do public outreach. What the Royal Society said is that they use the revenue from their journals to subsidise these other activities, and if the revenue from journals went away, they would most likely have to cut back on public outreach etc.

They're not saying they're against free information flow. They are saying that for them it will have a significant impact on the scope of their activities.