Magazine article Information Today

Eve of Construction

Magazine article Information Today

Eve of Construction

Article excerpt

The financial news has created moments of bleakness in recent weeks, yet the messages in my mailbox are mixed about the current state of affairs.

I hear that the public libraries in Trenton (N.J.) are in trouble, and branches may need to shut their doors. I also hear that after a multiyear struggle, the EPA libraries are all open again.

The M&A experts at Jordan, Edmiston Group, Inc. (JEGI) advise me that while things may be slow overall, light is still shining in "growth sectors," which include "online media, interactive marketing services, and database information," especially for smaller M&As.

Major consolidations also may have slowed, but we've seen some major developments in recent months, including the Thomson Reuters deal going through and the merger of ProQuest and Dialog.

But let's leave the financial data sector alone for a bit. In tight times, information services can be readily switched off. It's a shame because information can be empowering, after all. And its necessity for resolving the current difficulties shouldn't be underestimated.

I was conducting a random survey of information professionals the other day for another project, and I was surprised to discover only half of them voiced a high level of concern about the economic situation. …

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