In a recent survey poll of both large and smaller sized publishers, EBSCO projects that academic and Medical libraries can expect the same 4-6% increase in serials pricing for 2012 as in 2011.
As Steve Bosch from University of Arizona commented, "It seems that publishers may be listening to librarians who are increasingly vocal about the need to bridge the gap between reduced budgets and increasing subscription prices"
Despite a positive outlook, many libraries still face budget cuts. As the article highlights:
“Nevertheless, as libraries struggle with budget cuts, even these lower projected price increases could mean more cancelled periodicals. As reported in LJ's Periodicals Price Survey, 34 percent of 450 respondents to EBSCO Information Services' 2011 Library Collections and Budgeting Trends Survey—mostly academic libraries—reported budget cuts for 2011, and 44 percent expected cuts in the next fiscal year. The migration from print—or print plus online—to online only will continue in 2012, and subscriptions in all formats will be subject to cancellation to fit within budget parameters.”
Please visit The Library Journal website for additional information on this article : http://www.libraryjournal.com/lj/community/academiclibraries/892115-265/ebsco_projects_4_to_6.html.csp