Publishers Perish, Libraries Feel the Pain

Here\’s an interesting story from the
NY Times,
sent in by alert reader Irene Wood. The story is about
libraries cutting their serials and book buying just to
meet the sharply rising cost of scholarly journals. They
cover the big publisher Reed Elsevier, and the $3.5
billion buy out of Harcourt General. Librarians say
consolidation in the industry is causing prices to sky
rocket, while the publishers say it\’s due to big
increases in demand.

Now that strikes me as odd,
I have yet to read a single story about any increase in
journal holdings at any library anywhere. What about
your library?
Are you increasing or decreasing
your
journal holdings?
Why?