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I can't speak to Elsevier's internal organizational issues, but the rest of Aspesi's words ring true to me. Libraries have kicked the serials can as far as it will go. There is no more money now, and I don't believe more is on the horizon; if anything, less is.

I do believe that there's room for the big publishers to trim operational costs by cutting journals left and right, and I expect them to try it. I don't know how that possibility fits into Claudio Aspesi's thoughts

"The recent letter from the University of California Digital Library (CDL) about price increases proposed by Nature Publishing Group (NPG) and the response from NPG have raised a storm of controversy and rebuttals. To me, the mess is symptomatic of a communications failure between publishers and librarians."