Will newspapers become like magazines?

I have talking about the print/digital transition for a while and it seems that the decline of print continues. Surprisingly the print media is still slow to reacting to the powerful forces of change. Take New York Times for instance. Despite the writing on the wall being so clear, the company still keeps pushing newspaper subscription through direct mail (I stopped the paper subscription in 2003 but I still get their letters in the mail) and online advertising. I am hoping that they will finally pay attention to the Pew Report on the State of the Media, that concludes, “A growing number of executives predict that in five years many newspapers will offer a print home-delivered newspaper only on Sunday, and perhaps one or two other days a week that account for most print ad revenue.”