Achieving Financial Sustainability: Are We Asking the Wrong Questions?

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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 … continued below

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Hawkins, Kevin S. August 12, 2016.

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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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  • IFLA Satellite Meeting, "Libraries as Publishers: Building a Global Community." August 10-12, 2016. Ann Arbor, MI.

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

Achieving Financial Sustainability: Are We Asking the Wrong Questions?

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.

Achieving Financial Sustainability: Are We Asking the Wrong Questions? - ark:/67531/metadc1164533

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  • August 12, 2016

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  • Aug. 31, 2016, 10:05 a.m.

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Hawkins, Kevin S. Achieving Financial Sustainability: Are We Asking the Wrong Questions?, presentation, August 12, 2016; (https://digital.library.unt.edu/ark:/67531/metadc862688/: accessed May 18, 2021), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; .

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