Beginning of end of print journalism?

Is this the beginning of the end of print journalism, at least in the US?I am using the most abused cliche, apart from posting on a topic that has been written to death.Still when the Christian Science Monitor decides to make this announcement, I think it is worth noticing.

The Christian Science Monitor, a national newspaper in the US has decided to stop its print edition from April 2009. It shall now concentrate only on its web edition.
The news came from the Monitor itself (http://www.csmonitor.com/2008/1029/p25s01-usgn.html) when it stated “The Monitor shifts from print to web-based strategy”. It said

The Christian Science Monitor plans major changes in April 2009 that are expected to make it the first newspaper with a national audience to shift from a daily print format to an online publication that is updated continuously each day.

The Monitor will be celebrating its 100th year on November 25, and this could be a fitting occasion for change in strategy.
One reason could be declining circulation of US newspapers. The Monitor itself says

While the Monitor’s print circulation, which is primarily delivered by US mail, has trended downward for nearly 40 years…

The Washington Post quoted its editor John Yemma “Everyone who grew up with print, and everyone who worked in print like me, you feel a little sad,” (http://www.washingtonpost.com/wp-dyn/content/article/2008/10/28/AR2008102802132.html?hpid=topnews) while adding that

“The Monitor’s circulation is just 52,000 — down from 160,000 two decades ago — and its early deadlines are crippling. Since most copies are sent to subscribers by snail mail, all copy must be turned in by noon for the next day’s edition.”

So where does it leave this blogger…. time to change tack?