Is it a watershed and harbinger of things to come or is it an outlier? The venerable Christian Science Monitor (published for 100 years) is ending its daily print publication and will publish instead online. It will still publish a weekly print edition. According to AP:
The newspaper has been operating at a loss for years, and has received a subsidy from the church to fund the deficit. In the current fiscal year, the newspaper’s operating costs were about $25.7 million, but the church paid about $13.3 million of that.
Over the next five years, the church wants to move to a break-even point where it does not have to subsidize the newspaper anymore, said [Editor John] Yemma. To do that, the newspaper needs to focus on the Web, Yemma said.
Here’s additional coverage from the New York Times.