MIT Libraries Declines Three-Year Elsevier and Wiley Renewals
:: Another major library system has joined Cornell University Library in not renewing their subscriptions to Elsevier journals. MIT Libraries has announced it will not renew three-year online and print subscription packages from Wiley InterScience and Elsevier Science. Last year, the Faculty Committee of the Library System expressed their concern about this issue:
- “… we are concerned about the pressures exerted on the scholarly publishing system by a small number of highly profitable commercial publishers concentrating in science and technology journals. These publishers lock libraries into high-priced packages for combined print/electronic output, and contractually constrain libraries’ ability to manage expenditures. Libraries must invest a continually larger percentage of their budgets in providing access to these publications.”
**Professor Marcus Zahn, Chair of the Faculty Committee on the Library System The MIT Faculty Newsletter, Dec.-Jan., 2003
- "Through our membership in the NorthEast Research Libraries Consortium (NERL), the MIT Libraries were offered three-year renewals for our Wiley and Elsevier packages of print and electronic journals. The costs of these two packages constitute approximately one-third of the Libraries’ budget for serials (those materials we pay for by subscription on a continuing basis). The multi-year agreements required a commitment not to cancel titles (or to substitute other titles at the same price level for any cancellations). The decision to decline the three-year renewals was difficult because the terms for one-year renewals were considerably less attractive. However, the one-year renewals put us in a position of being able to cancel titles next year if we need to."