From e-mail dated 3/23/09 from Lexis Nexis:

The current economic situation has touched everyone on a personal and professional level.  There is no doubt that the economic downturn is greatly affecting the library community. 

To address funding concerns in the library community SOLINET initiated discussions with LexisNexis to review proposed 2009 pricing actions and to develop a plan to help customers meet the challenging economic environment. As a result of these discussions, LexisNexis made the decision to forego the previously announced 2.5 % annual rate increase on all LexisNexis Academic and Library Solutions Web products for the upcoming subscription year starting July 1, 2009.  These include: LexisNexis Congressional, LexisNexis Statistical, LexisNexis Academic (Drake subscribes), LexisNexis Government Periodical Index, LexisNexis Primary Sources and LexisNexis State Capital. 

Additionally, LexisNexis will limit the cost of LexisNexis Academic and Library Solutions Web subscriptions by waiving any increases in FTE counts for the coming year. We will also provide special offers on other products and services throughout the year to help our customers meet their end user research needs at the lowest possible price. 

LexisNexis values its close ties to the library community and we are proud of our long record of being a responsive and responsible vendor.  We are committed to supporting the work of libraries in these tough economic times through our products, our pricing, and uncompromising customer service.  

We look forward to maintaining our relationship with you and working with you to maintain and protect your library resources.

Sincerely,

Timothy Fusco,

Vice President, Publishing Operations

LexisNexis