U.S. News Goes Web-only

NEW YORK - It was bound to happen:  US News & World Report has announced that it intends to become a Web-only publication.  The venerable former news weekly, whose site gets seven million unique visits per month, has been losing readership and ad revenue to online media for years.  Now a bi-weekly (as of earlier this year), the current plan calls for US News to scale back to monthly circulation.  And then ... >poof<.  Gone.

Eventually, its print circulation will consist of consumer guides, such as its popular annual rankings of America's "best colleges."

US News' decision seems to mark a major industry trend:  Last week the 100-year-old Christian Science Monitor announced plans to end its daily print edition and become entirely Web-based.

Sad.  I happen to like real journalism.  What's to become of Time and Newsweek?
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