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Weekly News Digest

May 5, 2011 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today.

CLICK HERE to view more Weekly News Digest items.

ebrary Launches Usage-Triggered Model for Short-Term Loans

ebrary, a provider of ebooks, announced the availability of usage-triggered Short-Term Loans. Currently in beta, this model provides libraries with all of the benefits of traditional short-term loans with the added advantage of only paying if titles are used.

ebrary’s new Short-Term Loans can be a library’s standalone cost-saving service, or used in conjunction with ebrary’s Patron Driven Acquisition program to offer an additional layer of mediation before titles are triggered for purchase. As YBP’s preferred ebook vendor, ebrary also makes Short-Term Loans available through YBP’s Demand Driven Acquisition service.

“Libraries that take advantage of this new model will receive a guaranteed return on their investment,” said Kevin Sayar, president of ebrary. “Not only can libraries provide researchers with on-demand access to authoritative e-books from leading publishers, they are only charged ten to thirty percent of list price determined by publishers if titles are actually triggered. We are pleased to be the first in the industry to offer usage-triggered Short-Term Loans.”

ebrary’s new Short-Term Loans are available for one or seven day periods. When the loan is triggered, libraries receive a notification and are given a number of flexible options including purchasing the title, making it available for purchase through Patron Driven Acquisition, or offering another Short-Term Loan. Libraries may offer up to three loans per title.

Source: ebrary

Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli

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