The Association of Research Libraries has released "ARL Statement to Scholarly Publishers on the Global Economic Crisis."
Here's an excerpt from the press release:
The ARL statement includes a set of recommendations that are based on the belief that scholarly publishers who are committed to enhancing the effectiveness of the scholarly communication system are prepared to act to minimize negative impacts on the system resulting from economic conditions. Among other strategies, the statements calls for publishers and vendors to adopt flexible approaches to pricing and avoid reducing content or access as libraries seek to renegotiate expenditures. ARL encourages publishers to consult widely with research libraries in developing responses to the current economic environment. Small, not-for-profit publishers are of particular concern, and ARL member libraries welcome conversations regarding new publishing models that can reduce the cost and vulnerability of established publications of high value.
One of the recommendations is:
Libraries serving research organizations are increasingly receptive to models that provide open access to content published by their affiliated authors in addition to traditional subscription access to titles. This kind of model can form a bridge from subscription models to models incorporating author-side payments