Achieving Financial Sustainability: Are We Asking the Wrong Questions?

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This article discusses the financial sustainability of scholarly publishing and libraries, based off the author's presentation given at the International Federation of Library Associations and Institutions 2016 Satellite Meeting on Libraries as Publishers: Building a Global Community.

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2 p.

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Hawkins, Kevin S. August 18, 2017.

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Description

This article discusses the financial sustainability of scholarly publishing and libraries, based off the author's presentation given at the International Federation of Library Associations and Institutions 2016 Satellite Meeting on Libraries as Publishers: Building a Global Community.

Physical Description

2 p.

Notes

Abstract: While technology has made producing copies of digital content almost entirely free, there is no escaping that
publishing, according to most definitions of the term, still requires time and money. Any publishing service offered by a
library must find a way to achieve financial sustainability—that is, operate without losing money.
However, even "losing money" is a tricky concept, especially when taking into account varying definitions of operating
expenses (overhead costs) under different models for auxiliary services. Libraries are by their very nature cost centers,
providing services without the expectation of recovering revenue, and are usually part of larger organizations that
similarly provide services under partial or full subsidies. While libraries are often comfortable with charging for
convenience services and for services to those outside their designed community of users, careful thought should be
given to which costs a publishing service—or any new service—should be expected to recover.

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  • Journal of Electronic Publishing, 2017. Ann Arbor, MI: Michigan Publishing

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  • Publication Title: Journal of Electronic Publishing
  • Volume: 20
  • Issue: 2
  • Pages: 1-2

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Materials from the UNT community's research, creative, and scholarly activities and UNT's Open Access Repository. Access to some items in this collection may be restricted.

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Achieving Financial Sustainability: Are We Asking the Wrong Questions? (Presentation)

Achieving Financial Sustainability: Are We Asking the Wrong Questions?

While technology has made producing copies of digital content almost entirely free, there is no escaping that publishing, according to most definitions of the term, still requires time and money. Any publishing service offered by a library must find a way to achieve financial sustainability—that is, operate without losing money. However, even "losing money" is a tricky concept, especially when taking into account varying definitions of operating expenses (overhead costs) under different models for auxiliary services. Libraries are by their very nature cost centers, providing services without the expectation of recovering revenue, and are usually part of larger organizations that similarly provide services under partial or full subsidies. While libraries are often comfortable with charging for convenience services and for services to those outside their designed community of users, careful thought should be given to which costs a publishing service-or any new service-should be expected to recover.

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"Achieving Financial Sustainability: Are We Asking the Wrong Questions?" ark:/67531/metadc862688/

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  • August 18, 2017

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  • October 9, 2016

Added to The UNT Digital Library

  • June 15, 2018, 10:41 p.m.

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Hawkins, Kevin S. Achieving Financial Sustainability: Are We Asking the Wrong Questions?, article, August 18, 2017; Ann Arbor, Michigan. (digital.library.unt.edu/ark:/67531/metadc1164533/: accessed October 23, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; .