Last week we reported the sad news that Editor & Publisher would be shutting down by the end of the year. We noted how the demise of the 125 year-old newspaper trade magazine was “a sign of how badly that industry has been hammered over the past few years, and further calls into question its future survival.” Well not so fast! Today E&P announced plans to publish their January issue, and teases in the headline: “Hope Remains?” Could this be a Christmas miracle?

Today is a sad, defining day for the media industry: Editor & Publisher announced to staffers that it will be shutting down by the end of the year. E&P has been in print for 125 years, and was the leading trade publication covering the newspaper industry: its demise is a sign of how badly that industry has been hammered over the past few years, and further calls into question its future survival.

Last week, the Associated Press’s decision to run a photograph of Lance Cpl. Joshua Bernard moments before his death in Afghanistan gave rise to enormous controversy. The Bernard photo controversy had the side effect of showing just how unimportant newspapers have become as a means of distribution.