From the CUP Blog:
Cambridge University Press has announced [Monday] that articles in its Open Access journals can be published with a Creative Commons Attribution licence (‘CC-BY‘). This licence allows users and readers to download, read, re-use and re-distribute freely, as long as they acknowledge the original article.
Following the recommendations of the Finch report, research funders (such as RCUK and the Wellcome Trust) increasingly require papers to be made available in open access publications. Cambridge University Press’ adoption of CC-BY licencing allows authors to meet this specification.
Authors publishing Open Access papers in hybrid journals will have the option of a CC-BY licence, but will also be offered a choice of other CC licences (including CC-BY-NC-SA ‘Attribution-NonCommercial-ShareAlike’ and CC-BY-NC-ND ‘Attribution-NonCommercial-NoDerivatives’). This option is also extended to full Open Access journals where the author’s funders or institutional policies do not restrict author’s to CC-BY use.
Cambridge Journals publishes five wholly Open Access journals and over 150 hybrid journals.