No, but it does explain why the traditional publishing societies didn't do it themselves back in the day and instead had to rely on for-profit entities.
Cost is half of it. The other half was very resistant. I am told that when my office started going digital in the late 80's there was a lot of turmoil and it split the organization. That attributed greatly to a period where we had 3 presidents for a year. Digitization won of course.