What does fracking have to do with scholarly publishing and journal pricing? While the library financial landscape has improved since the depth of the Great Recession of 2007 to 2009, it still cannot be considered robust. As articles such as this one chronicle annual serials price increases, libraries, publishers, and vendors search for innovative ways to fulfill information needs within the finite, predefined budget environment. New business and access models ranging from the initial e-journal big deal packages, article pay per view, open access, mega-journals, and publisher e-journal database pricing have evolved in response to the environment; libraries, publishers, and vendors have merged, consolidated, or disappeared along the way. Just as fracking keeps the oil and gas flowing, these strategies enable the current scholarly publishing ecosystem to extract the necessary resources—intellectual and financial—to survive.
With book budgets being chipped away by price increases for serial subscriptions, and ebook budgets feeling the squeeze from journals, librarians are spending more time seeking ways to relieve this financial pressure. But a model of fiscal efficiency does exist—Down Under. “Australian libraries have been sort of the canary in the coal mine when it […]
LJ’s 2016 survey of U.S. public libraries, distributed geographically by size and type, reveals that while libraries continue to regain lost ground, recovery is gradually slowing—and not evenly distributed. Libraries reported moderate gains in overall budgets—an across-the-board increase of 3.2%, representing funding from all sources. Combined with a slight drop in inflation rates—.5% over the 12 months ending in November, compared to .8% for the preceding year—this is still smaller than last year’s overall uptick of 4.3% but welcome nonetheless.
Like the ground in the Ring of Fire that surrounds the Pacific Ocean, the serials world is in almost constant motion, responding simultaneously to pressures both large and small. As in seismology, some of the pressures result in incremental changes, while others, often the result of years of incremental change hidden below the surface, seem suddenly to shake the serials world like an earthquake.
New Orleans residents will go to the polls on May 2 to vote on a proposed new library millage which, if adopted, would pump an additional $8.25 million annually into a system that officials say is underfunded and barely holding the line on current services thanks to a reserve fund that will run dry in 2016.
Within 24 hours of being dismissed by the recently reconstituted Queens Library (QL) Board of Trustees on the evening of December 17, former QL President and CEO Thomas Galante announced via his lawyer Hillary Prudlo that he would sue for wrongful termination. The reorganized board had placed Galante on indefinite, paid administrative leave on September 11, citing an ongoing audit of QL’s finances by New York City comptroller Scott Stringer, and investigations by the city Department of Investigation (DOI) and the Federal Bureau of Investigation (FBI) regarding construction contracts awarded by the library.
In a case that has drawn comparisons to the RoweCom/Faxon Library Services bankruptcy almost 12 years ago, the court of Amsterdam on Friday, September 19 granted Netherlands-based Swets & Zeitlinger Group permission to suspend payments to its creditors, and on Tuesday, September 23 accepted a bankruptcy filing from the group’s subsidiary—global subscription management provider Swets Information Services
Thomas W. Galante, the embattled president and CEO of the Queens Library in New York, on the evening of September 11 was placed on indefinite, paid administrative leave by the library’s recently reorganized board, following months of negative local news coverage regarding his $392,000 salary, his consulting work, library renovation projects that included his office, and an FBI investigation regarding QL’s procedures for awarding construction contracts.
As we approach this year’s BookExpo America (BEA), it’s useful, perhaps especially to publishers, to contemplate where libraries fit into the broad book market. It’s hard to ignore just how fundamentally important libraries have become to the potential success of a book—that is, if you pay attention to a few simple facts and are willing to question persistent myths.
On March 12, academic research nonprofit Ithaka S+R released its latest survey of academic library leaders. Gathering input from 499 library deans and directors from institutions large and small, the new Library Survey—the first of its kind since 2010—paints a picture of the shifting priorities of modern academic libraries, the challenges they face, and the resources and leadership techniques they’re using to meet those challenges.