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Now a new survey of 38 university libraries conducted by the Research Information Network (RIN) reveals just how serious the situation is.
Preliminary findings presented to Times Higher Education show that although the current academic year has been "financially challenging", it is in 2009-10 that the pinch will really be felt.
The survey shows that nearly 40 per cent of libraries plan cuts to books and serial purchases from next year. One in five plans to cancel one or more so-called big deals with publishing houses to access bundles of journals online. A single bundle can contain hundreds of titles.
Read the report on the following link: