Summary:
- Academic libraries are struggling to afford the high costs of "transformative agreements" with academic publishers. These agreements aim to transition from traditional subscription-based models to open access publishing.
- The high costs of these agreements are putting a strain on library budgets, making it difficult for them to maintain access to important academic journals and resources.
- Libraries are exploring alternative models and approaches to make academic publishing more affordable and accessible, such as negotiating better terms with publishers or exploring open-source and community-driven publishing options.