“British research libraries are protesting price increases by journal publishers, which come amid severe budget constraints in the U.K.”
From the Marketplace section of today’s Wall Street Journal:
Publishers Increase Fees for Research Journals as Government Issues Budget Constraints; ‘We Just Don’t Have the Money’
By Paul Sonne
From the report:
The concern among British librarians comes as the model for scholarly-journal pricing is under pressure. Many big education institutions buy huge packages of journals, in both print and digital versions, under bulk pricing deals that are steadily ratcheted up over time. With flat or declining budgets, some institutions are now looking for ways to save money without seriously curtailing access for students and researchers.
. . .
The situation could pose a challenge to publishing companies. “You can’t assume that you are going to raise your prices faster than the budget of your customers forever,” said Claudio Aspesi, senior media analyst at Sanford C. Bernstein & Co. “One day or another, this was going to be a problem.” . . .
To that I say: Here, here.