From today's announcement:
Two and a half years ago, inspired by the DIY creativity of a growing number of indie crafters, we launched CRAFT Magazine along with its companion website, Craftzine.com. Since then, we've become an integral part of the new craft community. We've been fully committed to encouraging more people to discover the joy of crafting.
All along, we have noticed that Craftzine.com has been growing steadily. At the same time, we've come to realize that there were more and more challenges in publishing CRAFT as a print magazine, especially with the costs of print and distribution rising, and diminishing interest among advertisers in print. So we've decided that Volume 10, our Celebrate Like Crazy issue, will be our last print issue and that the future of CRAFT is online. (CRAFT subscribers will be notified by email today of the changes and how to obtain a refund for their subscription. If we don't have your email, we will be sending you a letter by post.)
We're happy to hear that their online presence will continue but am sure the print version will be missed...