(educause.edu): Given the currently dire and highly unpredictable budget environment for higher education, 2010 is a rather frightening time to be a librarian. For the same reasons, this must be an absolutely terrifying time to be a scholarly publisher. Scholarly publishers are looking at libraries right now and seeing what has always been the best and most reliable market for their products suddenly changing into a highly unreliable one. There is very little likelihood that library budgets will grow significantly (if at all) anytime soon; in fact, there is a strong likelihood that they will shrink again next year—in many cases, for the second year in a row.
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