The economic downturn and changing book consumerism leave some university and society presses in difficult situations.
Last April, the Minnesota Historical Society Press spoke to Publisher’s Weekly about their plans in accordance with the state’s cut on the society’s budget. The Press will discontinue four out of eleven positions within their ranks and the publishing volume will be reduced with around thirty percent. The Minnesota Historical Society Press released thirty titles last year.
But the straggling continues elsewhere. A 40-million dollar cut in funding for Louisiana State University in Baton Rouge threatens LSU Press with severe consequences. According to Ben Mann, professor of mass communication at the university, LSU press relies on an estimated two percent of the 40-million cut to stay afloat, while the press’ director Mary Katherine Callaway says that a worst-case scenario of the press not receiving any budgetary support would leave them with ‘really tough decisions’.
Michael V. Martin, chancellor of LSU Baton Rouge campus, released a written statement saying that the university’s first priority is protecting its academic core. That seems to suggest that the question for each and every university is whether it considers their press to be part of that core. Chances are that as it stands, reputation and renown are not enough of an value asset for institutions trying to mend their financial gaps and no university press should want to rely on their reputation alone for survival.
