a survey of legal-information customers by Claudio Aspesi of Sanford C. Bernstein in January found that 61% of respondents had a subscription to Bloomberg Law, up from 36% the year before. And some respondents said Bloomberg Law was getting closer to offering a breadth of data needed to completely replace a subscription to Westlaw or rival Reed Elsevier’s Lexis-Nexis.
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.” . . .