Interesting news. Thanks.
I suspect an awful lot of newspapers and magazines will do that shortly before they die. Once they're online-only though, it will be tough for them to keep their (remaining) readership, I think.
I think it generally makes sense for most weekly magazines to be on-line only. However, print still has its place. I recently got a free subscription to [link|http://www.theweekmagazine.com/|The Week]. It gives condensed versions of news stories of the previous week, with very little advertising. It's pretty handy and more convenient than, say, scanning Google news while sitting in a comfy chair.
(The free subscription was a premium for subscribing to Salon.)
Cheers,
Scott.