Found out not too long ago that the Hollywood Reporter is finally giving up being a daily trade newspaper for Hollywood. I don't think anyone is surprised that they are going to go the "glossy once-a-week magazine" route. I suppose there are people surprised that these folks are even bothering to stay in business at all --nobody seems to be reading any of the glossy weeklies, either, these days.
I wouldn't be surprised if Variety did the same thing pretty soon. The daily trades are just thin from the lack of advertising in any of them. Nobody's reading them, they're all reading Deadline Hollywood or The Wrap or Movieline or something else. I really think daily Hollywood newspapers are definitely on their last legs -- they're pretty much all going to end up going weekly and put the rest of their breaking news content on the Internet. I hope these guys at the Hollywood Reporter are able to survive in the new format, but times are definitely tough in this side of the business.