I think this is already done in most part of computer science. In my field, Springer has very little shares left, and is actively being replaced by ACM and Schloss Dagstuhl, which are not only both non-profit but all open access.

In general knowledge is a one thing that multiplies when shared.

There are some university presses that have started their own journals in response to these issues. It's a broken system, but no one is stopping anyone from creating new journals. All it takes is to eat away at the margins of for-profit journals by publishing fewer papers in them for them to eventually lose interest in the sector.

True Science IS Journalism: true Journalism IS Science.

This principle is true in BOTH domains.

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The Peer Community Journal tries to resolve this.