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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9 p.

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Hawkins, Kevin S. August 12, 2016.

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This presentation is part of the collection entitled: UNT Scholarly Works and was provided by UNT Libraries to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 21 times , with 4 in the last month . More information about this presentation can be viewed below.

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UNT Libraries

Library facilities at the University of North Texas function as the nerve center for teaching and academic research. In addition to a major collection of electronic journals, books and databases, five campus facilities house just under six million cataloged holdings, including books, periodicals, maps, documents, microforms, audiovisual materials, music scores, full-text journals and books. A branch library is located at the University of North Texas Dallas Campus.

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Description

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.

Physical Description

9 p.

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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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UNT Scholarly Works

The Scholarly Works Collection is home to materials from the University of North Texas community's research, creative, and scholarly activities and serves as UNT's Open Access Repository. It brings together articles, papers, artwork, music, research data, reports, presentations, and other scholarly and creative products representing the expertise in our university community. Access to some items in this collection may be restricted.

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  • August 12, 2016

Added to The UNT Digital Library

  • 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; (digital.library.unt.edu/ark:/67531/metadc862688/: accessed May 23, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; .