January 18, 2022

Financial Times: NYPL Has Spent $1 Million on 45,000 E-books Since 2009

A new article from the Financial Times about the planned renovation of the New York Public Library’s 42nd St. Building includes the $1 million/45,000 ebooks number mentioned in the headline of our post.

From the FT Article:

…[NYPL President Tony] Marx also knows that the pressures for change are growing. As it happens, his institution is one of the few western libraries where attendance has actually been rising – not falling – with 18.2 million visits last year, up 3.4 per cent from 2010. But it is not necessarily those book stacks that are pulling people in.

On the contrary the library runs a dizzy array of community projects, commercial events, language training and educational programmes, as well as free internet services and ebook lending programmes. [Emphasis ours] Since 2009, the NYPL has quadrupled its budget for ebooks, and spent $1m on 45,000 ebook copies. Indeed, Marx envisages his library as being akin to a giant cyber educational hub, offering anyone access, anywhere in the world, however poor. “We need to be the leading educational programme, cradle to grave,” he says.

Read the complete FT Article

About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.