Open Access News

News from the open access movement

Friday, March 20, 2009

More on the pricing crisis

Caleb Fleming, Library to cut nearly $1 million, Collegiate Times, March 19, 2009.  Excerpt:

Virginia Tech's University Library plans to cancel nearly $900,000 worth of subscriptions in the 2009-2010 budget year.

In a letter to the university community, Eileen Hitchingham, dean of university libraries, wrote that potential budget cuts and anticipated inflation costs facilitate a need for mass cancellations.

Hitchingham said that the university must cancel $500,000 worth of subscriptions to accommodate library budget cuts. They must also cover $400,000 worth of cuts to meet inflationary cost increases....

[Paul Metz, director of collection management for University Libraries] said that the university has been aggressive in recent years in obtaining "all title" deals from venders such as Elsevier, John Wiley, Springer-Verlag, Blackwell and Taylor & Francis/Routledge. While the resources have been heavily used, Metz wrote, annual price increases exceeding inflation have demanded subscription cancellations be made.