In response to continually inflated publisher costs and the fluctuating value of the Canadian dollar, the University Library is forced to cancel select electronic journal packages. This is not our preferred action, but is necessary despite our continued efforts to manage the collections budget through consortial purchasing, critical assessment of research and teaching needs, and review of print and electronic duplication.
The library has now completed the preparation phase for balancing the collections budget. As part of our preparation phase, representatives from the library met with a variety of faculty and stakeholder groups across campus. The opportunity for the library to share information with these groups has been insightful and valuable.
It was especially encouraging to hear the widespread interest in helping to change the unsustainable publishing model that has forced many academic libraries across the world to make similar difficult decisions. To learn more about what you can do to affect change, check out the FAQ.
As outlined at our presentations, the library has conducted a comprehensive evaluation of our electronic journal subscription ‘big deals’ up for renewal. Through this evaluation, we have determined that the library will not renew subscriptions to Taylor & Francis and Wiley-Blackwell, effective January 1, 2020. These publisher ‘big deals’ were found to be appropriate candidates for non-renewal based on their annual cost, usage data, cost per use and citations and articles published by our researchers. Cancelling these two packages, and buying back a small percentage of the most used titles, will allow us to meet our $1.38 million reduction target.
Read more at Balancing the Collections Budget.