In 2012, the author and colleagues surveyed eight publishers that had been involved with the Publishing and the Ecology of European Research (PEER) project to learn about the state of hybrid journal publishing. At the same time, one of the key questions asked to a panel of librarians at the International Association of Scientific, Technical & Medical Publishers May 2012 Meeting was what role librarians would play if scholarly publishing shortly went open access (OA) across the board? From the survey of the market, and the rapid OA developments in the UK and EU that include hybrid OA, a picture has begun to emerge of what roles librarians can play with regard to supporting hybrid OA publishing at their institutions. This article focuses on developing new partnerships within a given institution, looks at new budgetary models and the tracking of local scholarship creation. Current pertinent standards are highlighted.