The Seattle Post-Intelligencer became one of the first major-metro daily newspapers to go to an online-only version a couple days ago. I've been following the troubled fate of the print news industry for a while now so it's not a big shock (but still a bit hard to swallow.)
There are more "web-only" newspapers to come, so anyone who still relies on regular print advertising to make the phone ring should switch gears and consider a website. A crisp, professional, well conceived and executed website.