In January 2026, the University of Delaware ran a usage analysis on its Wiley journal package. Two percent of titles accounted for high usage. Delaware canceled a contract worth approximately $1 million.

The Swiss national consortium went further. Its no-deal impasse with Wiley in 2025 ended with the Swiss National Science Foundation formally recommending that Swiss researchers avoid publishing in Wiley journals for the duration of negotiations. Kansas State, the University of Oregon, the University of Washington, and Wayne State all restructured or canceled Wiley packages in FY2026.

The data that those libraries used already exists in yours.

This is the inaugural edition of The Dossier, TIC’s new intelligence product covering publicly traded education companies with the depth that filings and earnings calls do not provide. The Wiley report publishes today as a Baseline, the full institutional profile. It updates quarterly, aligned to Wiley’s earnings calendar. Over the coming months, The Dossier will expand to cover 40+ publicly traded education companies, with each report published within days of the company’s quarterly earnings release. Premium subscribers receive the complete report and audience-specific analysis every cycle.

Wiley posted $440 million in Adjusted EBITDA last fiscal year and closed a $452 million acquisition in June. Its Research segment grew 5%, and AI licensing revenue reached $49 million with counterparties including AWS, Anthropic, and Microsoft. Wiley is executing a credible transition. It is also facing structural pressure from three directions at once: evidence-based cancellations by peer institutions, open access mandates eroding the commercial rationale for subscription bundles, and AI-native discovery tools pulling researcher traffic away from Wiley Online Library before it reaches the paywall.

Wiley’s standard renewal posture assumes 5-9% annual price inflation, while budgets have been flat in real terms for years. Delaware proved that the assumption need not hold. Kansas State’s Wiley package previously represented 14% of its total collection expenditures. Oregon saved $168,000 cancelling approximately 100 titles.

WileyPLUS has a 1.4-star Trustpilot rating, based on documented student complaints that correct answers were marked wrong in graded assignments. Students consistently compare the platform unfavorably to McGraw-Hill Connect and Pearson MyLab. Wiley has not disclosed a public remediation timeline.

The Hindawi retraction count stands at 11,300 articles, with 19 formerly Hindawi journals removed from the Clarivate Web of Science Index. If your discovery infrastructure surfaces those titles as indexed resources, the metadata is now misleading for any researcher who finds them through your systems.

The window to negotiate a Transformative Agreement from a position of genuine leverage is open right now, and it is closing faster than most library directors realize, because 125 peer institutions have already signed TAs and Wiley’s…