Measure Twice and Cut Once: How a Budget Cut Impacted Subscription Renewals: The Serials Librarian: Vol 0, No 0

Abstract:  Library staff at California State University, Fullerton carried out a project to determine where budget cuts could be made in their electronic journal subscriptions. The team analyzed usage statistics by journal title, determined pricing for each journal, and created a formula to clearly define the cost effectiveness of continuing or deactivating a subscription. In this presentation, Keri Prelitz and Greg Yorba, with contributions from Ilda Cardenas, explain the special considerations, challenges, and outcomes of the project. Using this information, they will repeat the analysis annually, especially in the wake of additional budget cuts due to the current COVID-19 pandemic.

 

Measure Twice and Cut Once: How a Budget Cut Impacted Subscription Renewals: The Serials Librarian: Vol 0, No 0

Abstract:  Library staff at California State University, Fullerton carried out a project to determine where budget cuts could be made in their electronic journal subscriptions. The team analyzed usage statistics by journal title, determined pricing for each journal, and created a formula to clearly define the cost effectiveness of continuing or deactivating a subscription. In this presentation, Keri Prelitz and Greg Yorba, with contributions from Ilda Cardenas, explain the special considerations, challenges, and outcomes of the project. Using this information, they will repeat the analysis annually, especially in the wake of additional budget cuts due to the current COVID-19 pandemic.

 

Sharing Experiences of Journal Cancellations on a Rapid Timeline – SPARC

“In discussions with the SPARC Journal Negotiation Community of Practice, many institutions have discussed needing to prepare for cancellations on a rapid timeline. On June 18, SPARC provided a forum for librarians who recently led their institutions through a fast-tracked Big Deal cancellation to share how they navigated the process. Building on our Big Deal cancellation debrief in May, this event focused on how the process of preparing for and executing a cancellation differs when the timeline needs to be compressed to a few months.

The webinar was moderated by Jaclyn McLean of the University of Saskatchewan and featured Megan Heady from West Virginia University and Kristin Henrich from the University of Idaho.

Budget cuts are forcing many to rethink their contracts with publishers and, in some cases, pivot quickly. Both West Virginia University and the University of Idaho recently had to react to state-imposed budget reductions and prepare for a new way of operating. In the wake of COVID-19, many institutions anticipate financial pressures that could result in accelerated efforts to end their Big Deals – a process that may be complicated by remote work….”