EBSCO's Tim Collins on eBooks, Libraries and Search "has never been more important".

Interesting interview from Scholarly Kitchen with Tim Collins.  Here's a clip:

Many libraries are starting to see that, while they may spend less on ebooks for a couple of year by using STLs, they are often left with lower annual budgets (if they spend less in one year their budget declines the next) and a much less robust ebook collection to offer their users (as they don’t own as many books). While some libraries may feel like this is okay as they can enable their patrons to search ‘all’ ebooks via Demand Driven Acquisition (DDA) models without actually buying them, we worry about this logic as it assumes that publishers will continue to make all of their content available for searching via DDA at no cost to users. We don’t see this as a valid assumption as, if DDA results in reducing ebook budgets even further, we wonder whether publishers will be able to afford to make their ebooks available under this model.

We can see why book publishers worked with these models as they wanted to support their customers. But, if these models result in budget reductions, which result in publishers not being able to fulfill their mission of publishing the world’s research so that it can be consumed, we don’t see them being sustainable.   We understand that this view may not be welcomed or shared by all libraries, but we see the logic being sound. Business models need to work for both customers and vendors in order for them to be sustainable. There was much great discussion on this subject at the recent Charleston Conference and in related articles published in Against the Grain by both publishers and librarians.

EBSCO Publishing and The H.W. Wilson Company Make Joint Announcement of Merger Agreement

In a significant deal announced late Wednesday, EBSCO and HW Wilson have agreed a merger agreement that will combine the operations of EBSCO Publishing and HW Wilson. Many have tried to unravel the complicated ownership structure of the Wilson company over the years but it was inevitable that a company would eventually succeed. Wilson has many valuable content assets however it would an understatement to say they've not been as aggressive as EBSCO has been in developing online and mobile applications. No doubt EBSCO sees significant opportunities in leveraging the Wilson content in many new and interesting ways. No word on terms or what this will mean for the employees located in the time capsule in the Bronx.

Here is the EBSCO/Wilson press release:

EBSCO Publishing (EBSCO) and The H.W. Wilson Company (Wilson) have merged in what is being viewed by the companies as an ideal match. This combination of organizations will allow the strengths of each to benefit existing and forthcoming products & services.

With 180 combined years of experience serving libraries, EBSCO and Wilson have traveled similar paths, but have maintained unique advantages and abilities. Libraries using products from either company will benefit as improvements are made to the respective resources. Wilson database products are known for their quality indexing. The Wilson subject thesaurus and Wilson “names” authority file are largely considered the best of their kind, and the WilsonWeb platform systematically leverages this valuable indexing within its searching to provide high quality, relevant results to end users. The Wilson controlled vocabularies will be integrated into EBSCO’s controlled vocabularies, resulting in improved subject indexing for EBSCO databases. The EBSCOhost® platform will be enhanced to take advantage of this indexing in its search and relevancy ranking algorithms.

According to Tim Collins, President of EBSCO Publishing, this acquisition leads directly to heightening the value and quality of EBSCO and Wilson resources. “Upholding the integrity of the Wilson indexing is essential, and extending these attributes to EBSCOhost resources is a critical part of this venture. When it comes to thesauri (subjects and names), and how these are leveraged, Wilson has long been an industry leader. We look forward to bringing this value and approach to all applicable EBSCOhost databases and are excited about the benefits this will bring to EBSCOhost users. We are also pleased to be able to add the Wilson databases into the EBSCO Discovery Service search experience”

Harry Regan, President & CEO for Wilson, commented, “EBSCO and H.W. Wilson have been engaged as business partners for a number of years and are now officially operating as one. The result will be a broader and deeper range of products and services for the library reference community with significantly added value. Both companies have had separate, distinctive histories, but have always shared a common commitment for the highest order of customer satisfaction.”

EBSCO Releases Discovery Product

In last weeks media round-up I mentioned the new federated search product from EBSCO. Here is a sample from a deeper review of the product from Information Today:

EDS (www.ebscohost.com/discovery) harvests metadata from both internal (library) and external (database vendors) sources and creates a preindexed service of impressive size and speed. Although the resulting collection is massive in size and scope, Sam Brooks, senior vice president of sales and marketing, says the fact that it is indexed directly on the EBSCOhost servers allows for exceptionally fast search response times and for the ability to leverage the familiar powerful features of the EBSCOhost user experience across all resources.

Content in EDS can include the following:

• Detailed metadata (e.g., author-supplied abstracts, keywords, subjects, etc.) from content providers and publishers
• Complete indexing from EBSCOhost databases to which an institution subscribes (e.g., Academic Search, Business Source, CINAHL, Historical Abstracts, etc.)
• Complete indexing from non-EBSCOhost databases (to which a customer subscribes), including resources from Alexander Street Press, LexisNexis, NewsBank, Readex, etc.
• Complete OPAC loaded directly into EDS (and searched along with all other EDS content); includes real-time availability checks and daily updates
• Book jacket images, book records, entertainment records, annotations, family keys, subject headings, demand information, awards, review citations, etc., for hundreds of thousands of publications
• Institutional archives/repositories directly loaded into EDS and searched as part of the overall experience

MediaWeek (Vol 2, No 4): Houghton Harcourt, Ebsco, Google

This is my 1001st post - wow. Riverdeep, the owner of Houghton Mifflin Harcourt is the subject of a profile by The Boston Globe this morning. The newspaper reports what many have supposed - not least the Irish Press which has been dogging Riverdeep almost since the day they consummated the Houghton sale. In the article, they strongly suggest that the company is now worth far less than the amount of debt owned to their lenders. Any sale of all or parts of the company would be unlikely to cover these obligations and while there are rumors that Hachette maybe discussing acquiring the trade division, I wonder if this could occur if the value is so low and the resulting deal would be a humiliation not just for Riverdeep but also the banks holding the debt. Assuming a sale below book value, that would trigger a revaluation of the whole balance sheet and this in turn would trigger any number of covenants. Missing from the Globe article is that in selling Harcourt to Riverdeep, Reed Elsevier retained a $300mm interest in the business. (Link) What of the value of that and how is it handled on the RE balance sheet.

Moody's last month reported that Houghton, with a debt load estimated at more than 10 times gross earnings, is "a likely default" unless its loans are renegotiated. S&P last month placed parent EMPG on its list of weakest links - companies in greatest danger of debt default. "The debt level is our biggest concern," said S&P analyst Hal Diamond, "given the state of the economy and state budget constraints. While they can reduce costs, they can only go so far."

The Globe's request for an interview with Houghton Mifflin Harcourt chief executive Anthony Lucki or other senior executives was declined. Houghton issued a statement disputing Moody's 10-times-earnings figure, and insisted the company is gaining market share and has ample cash to cover its loans. Spokesman Josef Blumenfeld also said that since Houghton's reported decision last fall to suspend acquisition of new titles, it is signing new books again. He declined to comment on rumors that French-based Hachette Book Group, owner of Little, Brown & Co., might be a suitor.

EBSCO have added a Federated search capability to their suite of offerings and is designed to integrate with their EbscoHost2.0 product they released last year. (LJ)

With Integrated Search, the company aims to capitalize on users’ familiarity with the features and design of EBSCOhost 2.0, which debuted in July 2008, and carve out a role for its interface as a comprehensive destination for user searches. Integrated Search is slated to go live in early summer 2009.

Integrated Search will use connectors to remote content sources similar to those employed by other federated search products, like MetaLib (Ex Libris), Research Pro (Innovative Interfaces), and 360 Search (Serials Solutions). The hook: EBSCOhost will not charge customers for connectors to any EBSCO databases to which they subscribe. For connectors to non-EBSCO sources, the basic cost will be $200 per database annually. There will also be a $1000 annual base fee per site and per configuration. Customers already subscribed to a number of EBSCOhost products could see this translate into significant savings.

Librarything has added a Twitter ap. which looks interesting. (Blog):

We've added integration with Twitter, the popular SMS/microblogging site. Basically, it's an easy way to add a book to your LibraryThing while standing in a bookstore, library or friend's house.

A good summary of the Google Book agreement was presented at a session at ALA (ALA):

ALA’s Committee on Legislation and Office for Information Technology Policy hosted a panel session Saturday at the ALA Midwinter Conference in Denver. The session was called “Google Book Settlement: What’s In It For Libraries,” and aimed to educate librarians on the initial terms of the settlement, hear from leading a few leading library and legal experts, and offer time for audience members to pose questions to the panel participants.

Library Journal reports on the finances of the American Library Association.

As with private investors and endowed institutions, the American Library Association (ALA) suffered significant endowment losses in the past fiscal year, 24.1%, but, thanks to budget adjustments and some new sources of revenue, net operating income in Fiscal Year 2008 actually exceeded expenses more than in FY 2007, ALA officials said yesterday at the Midwinter Meeting in Denver.

Fiscal Year 2008, which ended last August 31, left ALA with net assets of $34.4 million, compared to $33.3 million at the end of 2007. Three months later, net assets declined to $24.1 million, primarily due to endowment losses. ALA has adjusted by reducing expenses, but continued losses in the endowment—which is not relied on for operating income--could cut into scholarships and awards. And the longer term remains a question mark.

Ebsco Launches New Interface

Ebsco has made available their new interface to subscribers for several months and is about to launch it officially sometime in July. This is the first revision in over five years and the company seems to have taken a very focused approach to designing the new interface. First impressions are impressive with the simplified Google like search page which can expand to include 'drop-down' advanced search options. The manner in which they have done this is elegant negating the need to click to a separate page.

The full results page renders further options to narrow a search - Source, Author, Subject, etc - as well as by timeframe. Missing is an indication of the number of results that occur within each of these related search terms which can potentially result in proceeding down a dead end. The timeline limiter is executed using a sliding bar: Some users will like this but an equal number will dislike it. To me it looked like an attempt to incorporate some 'trendy technology' when using date ranges with a number indicating the articles falling within that range would have been more useful. As the user makes decisions on the direction of their search, these are recorded in a query chain that runs across the top of the page. As a result the user can jump back several steps at a time to retrace their search steps. The user can also use the same trail of queries to drop terms out of the string as well as start new queries. Users will find this feature highly useful.

The 'narrow/limit' your search boxes which run each side of the results set can be closed or opened and aids navigation especially when the user has narrowed their search closer to their objective. In short, closing these boxes alters the look of the page and improves usability; however, closing them makes the page less cluttered but does not seem to increase the number of items above the fold.

Ebsco has also included images from their image collection which are presented as part of each search result and can be viewed in pop-up form. Images include photos, diagrams, illustrations, graphs, and tables and Ebsco promises to have 3mm+ available by 2009.

While there are many other features included in the product, the preview tool is worth noting. Hovering over the magnifying glass icon brings up a pop-up preview window that enables the user to determine whether the article is worth accessing. From this window the user can save the article citation to a folder for review later. In practice, this means a user can scan through a list of results, rapidly identify the items of relevancy and save them all in one place for detailed review once their first pass research is complete. This is a nice feature and will prove useful to any researcher. (Export to all standard citation tools is also available).

For those more interested in looking at the other features here are some Ebsco documents. Of interest will be the Visual and Advanced search features which in the case of visual search offers an interesting approach to mapping the results set of any search.

(On a side note, I wish they would drop the 2.0 moniker; this is so 2005).

Ebsco Acquire 10 Sage Databases

EBSCO Publishing one of the world's premier database aggregators, has acquired ten renowned indexes from SAGE. The deal will bring the leading print indexes in their fields to users electronically through the EBSCOhost® platform, one of the most-used interfaces available for scholarly research.

The following indexes are now owned by EBSCO and will be available electronically via EBSCOhost:

• Abstracts in Social Gerontology™
• Educational Administration Abstracts™
• Human Resources Abstracts™
• Peace Research Abstracts Journal™ (Now called Peace Research Abstracts™)
• Sage Family Studies Abstracts™ (Now called Family Studies Abstracts™)
• Sage Public Administration Abstracts™ (Now called Public Administration Abstracts™)
• Sage Race Relations Abstracts™ (Now called Race Relations Abstracts™)
• Sage Urban Studies Abstracts™ (Now called Urban Studies Abstracts™)
• The Shock & Vibration Digest™
• Violence & Abuse Abstracts™

These are highly-refined, specialized collections in their subject areas. Currently, each index is available in print-only. Online versions, including backfiles and other benefits, such as unlimited use, remote accessibility, multi-database searching, links to full-text, etc. are expected to be available by October 2007.

EBSCO offers a suite of more than 200 full-text and secondary research databases. Through a library of tens of thousands of full-text journals, magazines, books, monographs, reports and various other publication types from renowned publishers, EBSCO serves the content needs of all researchers.

Press Release

EBSCO Acquire Some ABC-Clio Databases

Ebsco announced yesterday an 'historic' agreement with ABC-Clio to acquire two of ABC-CLIO’s renowned databases, Historical Abstracts (HA) and America: History and Life (AHL), and will distribute eight additional award-winning history databases in addition to ABC-CLIO’s online history eBook collection, History Reference Online. EBSCO continues to add content to their concentrated 'silo' offerings which makes them the number one source of affordable academic reference material.

From the press release:

Tim Collins, President of EBSCO Publishing, said: “We are extremely excited about this partnership. Our relationship with ABC-CLIO will enable expanded access to some truly remarkable resources. As always, we remain committed to adding value for librarians and researchers in the research process.” Collins continued: “As a company that remains committed to growth, and one of the largest licensors and digitizers of content in the world, we are delighted and honored to be able to work with ABC-CLIO to enhance and expand history resources for teachers, students, and scholars.”