LSSI's Fairly Pathetic Track Record

California libraries targeted for takeover by private equity firms. (Boing Boing, 3/4/2011)

But I wouldn't get too concerned.

Here's LSSI's track records after 30 years of operation.

Public libraries in the United States

Source:  Institute of Museum and Library Services, "Public Libraries in the United States. Fiscal Year 2008".

Source:  The New York Times, "Anger as a Private Company Takes Over Libraries", September 26, 2010.

Related article:
Camarillo sez goodbye to Ventura County, hello to Library Systems.  (10/26/2010)