Open AccessAGU continues 2003 journal access for libraries affected by RoweCom bankruptcy
Author(s) -
Lifland Jonathan
Publication year - 2003
Publication title -
eos, transactions american geophysical union
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.316
H-Index - 86
eISSN - 2324-9250
pISSN - 0096-3941
DOI - 10.1029/2003eo110006
Subject(s) - bankruptcy , payment , revenue , business , political science , library science , finance , computer science
Following the default of one of its major journal subscription agents, AGU has committed itself to providing campus‐wide electronic access for 2003 to libraries whose journal orders are affected by the bankruptcy. The company, RoweCom Inc. of Westwood, Massachusetts, filed for Chapter 11 protection on 27 January 2003. RoweCom folded in December with nearly $80 million in unfulfilled orders which were destined to thousands of publishers. Subscription agents consolidate orders from libraries and transmit payments to publishers for journal subscriptions. The bankruptcy could cost AGU up to $700,000 in lost revenue in 2003, approximately 7% of AGU's gross institutional subscriptions.