In an industry where both large and small subscription agents enter bankruptcy, librarians and publishers are rightly concerned with the financial stability of their partners and vendors. In a recent Library Journal webinar, Annie Bélanger, Dean of University Libraries, Grand Valley State University and Mary Sue Hoyle, Vice President, Subscription Services Division, EBSCO Information Services, discussed how libraries can safeguard themselves from vendors who are not financially fit.
In the webinar, they explained how to understand the financial stability of library vendors and why it matters, covered tactics and processes that can be practiced for all vendors and some specific to subscription agents. They also discussed how libraries would benefit from researching the financial stability of all vendors as part of the buying decision process.