Post folding Book World, reports NY Times UPDATED

For the latest foolishness from the Post, see "Washington Post to End Book World as Stand-Alone Section," By Motoko Rich, January 28, 2009. Why, why, do they expect people to buy the paper?

Thanks to Tim for the tip.

The Post, scooped by the Times, has an article on their website confirming it now.

Schmucks. Tim the tipster says he's canceling his subscription. I don't really want to get into this, especially since everyone else is, but papers make no money online, don't pay for themselves by subscription, but rely on ad revenue which is proportionate to readership. So by cutting content, which affects both the physical and online papers negatively, they expect to increase readers how?