I don't think it's fair to say they've disinvested from libraries.
Most of the information is digitized, which has better reach. Books that cannot be digitized yet due to copyright are held in storage until they enter public domain, and you can request chapter scans in the meantime or even check out the physical book. Separate special collections are kept for items whose physical existence is significant. Libraries are being repurposed as study spaces, which campuses otherwise tend to lack. Reference librarians are available online with extended hours.
The overall trend seems positive.
Similar arguments about presses. Mixed media is the future. Some schools invest in various learning platforms and knowledge hubs, sometimes collaboratively. A building doesn't facilitate such variety very well.
Most of the information is digitized, which has better reach. Books that cannot be digitized yet due to copyright are held in storage until they enter public domain, and you can request chapter scans in the meantime or even check out the physical book. Separate special collections are kept for items whose physical existence is significant. Libraries are being repurposed as study spaces, which campuses otherwise tend to lack. Reference librarians are available online with extended hours.
The overall trend seems positive.
Similar arguments about presses. Mixed media is the future. Some schools invest in various learning platforms and knowledge hubs, sometimes collaboratively. A building doesn't facilitate such variety very well.