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Publish or Perish or Not

The Christian Science Monitor becomes the first major newspaper to abandon paper:

The paper is currently published Monday through Friday, and will move to online only in April, although it will also introduce a weekend magazine. John Yemma, The Monitor’s editor, said that moving to a Web focus will mean it can keep its eight foreign bureaus open.

“We have the luxury — the opportunity — of making a leap that most newspapers will have to make in the next five years,” Mr. Yemma said.

I'm left wondering if five years might be a little optimistic.