The following article was presented in a panel discussion which explored library operational adaptations to the changing technologies of information distribution and usage. The librarians on the panel presented glimpses of the changes occurring in their library operations as they transition to services without print. The librarians explored, through the evidence of their changing library operations, a range of topics, for example: trends in e‐resource acquisition and usage; changes in consortia; processing and organizational changes; and developments in open access publishing and library e‐publication. After initial presentations, the panel and moderator encouraged questions, comments, and discussion with attendees. Jim Dooley, Head, Collection Services, University of California, Merced The University of California, Merced (UC Merced) opened in 2005 as the tenth University of California (UC) campus and welcomed its tenth freshman class in August 2014. From 875 students and thirteen faculty in 2005, UC Merced has grown to 6,300 students, including 350 graduate students. Currently there are 207 tenured or tenure‐track faculty and an additional 140 lecturers. When the campus opened in 2005 only the library building was operational. Currently there are six academic buildings, a seventh under construction and residence halls housing over 2,000 students. The campus hopes to receive a Carnegie Classification as a Research University‐ High Output in 2015. The current strategic plan envisions that the campus will grow to 10,000 students, including 1,000 graduate students, by 2010. Space for the expansion will be obtained through a public‐private partnership with a commercial developer that will construct a series of mixed‐use buildings on a site adjacent to the current campus. For the UC Merced Library the collection philosophy remains access vs. ownership or just‐ in‐time vs. just‐in‐case. The goal is to meet an information need in the most appropriate way regardless of format or means of acquisition. It doesn’t matter if the information resource is purchased, rented, or borrowed; only that the need is met. One manifestation of this philosophy is the heave reliance on demand‐driven acquisitions (DDA) and subscription databases to provide access to locally licensed e‐books. Collection funds provide access to the largest possible number of titles, not to purchase a much smaller number of titles in order to build a permanent collection. Currently the library collection is approximately 92% electronic. This includes journals, e‐books, databases, and U.S. government documents. The library subscribes to the Marcive Documents Without Shelves service which provides bibliographic records with links to electronic U.S. government documents to enable it to be a Federal Depository Library. The high percentage of electronic resources in the collection is not a result of favoring access over ownership. Rather, the high percentage results from the library being opened in 2005 when the transition from print to electronic was well underway. The collection is a combination of electronic resources licensed by the California Digital Library (CDL) for all or a subset of UC campuses, as well as locally licensed electronic resources and purchased print books and DVDs. Despite its name, the CDL is a part of the University of California Office of the President and provides negotiation and licensing services as well as technology development and management to the UC libraries. Although negotiation and Copyright of this contribution remains in the name of the author(s). http://dx.doi.org/10.5703/1288284315576 Collection Development 253 licensing services for electronic resources are provided by the CDL, these resources are not “free” to the campus libraries. Each UC library pays a proportional share for access to these resources. Currently 60% of the UC Merced Library collection budget goes to provide access to CDL‐licensed resources. At the UC Merced Library the transition from print to electronic is almost complete for serials. Currently the library provides access to approximately 112,000 online journals (most through CDL‐licensed packages) and 20 print journals. The print serials are all in the humanities and currently unavailable online. The print subscription would be cancelled if any were to become available electronically. Acquisition of print books has been through approval plans supplemented by firm orders at faculty request. The print collection has also been supplemented by various gifts of books. Except for gifts, all books in the collection were published in 2003 or later. From the opening of the library there have been two approval plans: one for humanities, social sciences, and arts, and one for science. At the beginning both approval plans were rather broad because academic planning was unfocused. As programs developed, the scope of the approval plans has been progressively narrowed to focus on areas of campus research and teaching. Early in 2014 the science approval plan was shut down completely due to a combination of decreasing circulation and budget pressures. The social sciences, humanities, and arts approval plan remains. Currently there are just over 118,000 print books and 2,600 DVDs in the collection. When the library opened in 2005, probably few would have predicted that e‐books would become such an important part of research library collections in a decade. Very few e‐books were available through UC systemwide licenses. While there never was an intention to replace print books with e‐books, the library began experiments with e‐books soon after opening. The first was a subscription to ebrary Academic Complete which provided access to a growing collection of academic titles, now over 116,000, at a very low cost per title as long as the subscription was maintained. The largest number of locally licensed e‐books are available through demand‐ driven acquisitions (DDA) plans with EBL (300,000 titles) and MyiLibrary (50,000 titles). Under the EBL plan, titles are purchased on the fourth access after three short ‐term loans (STLs). The MyiLibrary plan does not employ STLs; titles are purchased on the second access. During the past ten years large numbers of e‐books have become available at UC Merced through UC systemwide agreements including both stand‐alone packages (Royal Society of Chemistry, ASME) and e‐books linked to journal packages (Springer, Wiley, Elsevier). The result is that the library now provides electronic access to 1.05 million titles: 580,000 through systemwide packages and 470,000 through local licenses. This is currently nine times the number of print titles in the local collection. Because approximately 30% of available e‐books are accessed through a DDA plan with STLs, the library has been significantly affected by the increases in STL rates announced by certain publishers in the summer of 2014. The timing of these increases so close to the start of the fiscal year was decried by many libraries and library consortia. The Boston Library Consortium wrote an open letter published in The Chronicle of Higher Education strongly objecting both to the timing and size of these increases. (http://chronicle.com/blogs/letters/ebook ‐pricing‐hikes‐amount‐to‐price‐gouging) While the timing of these increases is certainly an issue, the effects on the UC Merced collection are also significant. The monthly spend for the EBL DDA plan has remained relatively constant for the past several years in spite of significant yearly enrollment increases. After the STL increases, spending increased 50%, even though enrollment for 2014‐2015 had been held at last year’s levels. The number of STLs increased slightly for these months compared to the corresponding months in the previous year, but the costs increased out of all proportion to the increased usage. A hypothetical example illustrates the problem. A STL at 10% for a book with a $200 list price is $20; a STL at 25% for the same book is $50. As a result of these increases, the content of over a dozen publishers has been completely removed