The UC libraries conclude their negotiations with Reed-Elsevier. Starting January 1, 2004, the UC community will have access to a selected list of about 1,200 of the company’s scholarly journals, including titles produced by Harcourt Health Sciences, Academic Press, and Cell Press. The five-year contract accommodates the University’s deteriorating budget situation without sacrificing access to the titles selected by each campus. The libraries report that they have “arrested for now the price inflation that has been common in this market,” and describe the necessity for continuous action to address the economic sustainability of scholarly communications. See the letter to UC faculty [PDF].