News | Ryerson University Library & Archives

"Earlier this week, the news broke that Memorial University of Newfoundland (MUN) is reviewing 2,500 journals and looking for cost savings where possible. The response has been an outcry from the professoriate at MUN. We thought this was a good opportunity to discuss the collections budget at Ryerson. Can we anticipate similar activities at Ryerson? Yes, we can....Along with all other departments on campus, the library has had to reduce its base budget for eight consecutive years....As publishers reap profit margins of upwards of 40%, academic libraries simply cannot keep pace with the cost of subscriptions – and nor should we. As viable Open Access models emerge, we must band together and be forces for change...."