Virginia Tech’s University Library plans to cancel nearly $900,000 worth of subscriptions in the 2009-2010 budget year.
In a letter to the university community, Eileen Hitchingham, dean of university libraries, wrote that potential budget cuts and anticipated inflation costs facilitate a need for mass cancellations.
Hitchingham said that the university must cancel $500,000 worth of subscriptions to accommodate library budget cuts. They must also cover $400,000 worth of cuts to meet inflationary cost increases.
They’ve either timed it right
or got some very good deals. Being able to cancel so much at once would be impossible for a lot of places tied into multi-year contracts especially with ‘all-title’ deals.