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14-03-2012 10:26 Transcript by http://www.newsy.com BY EVAN THOMAS ANCHOR NATHAN BYRNE The physical copy of Encyclopaedia Britannica is being shelved. The venerable reference is going online-only after 244 years in print. The last edition of the encyclopedia was a 129-pound, 32-volume set printed in 2010. The New York Times says Encyclopaedia Britannica, Inc. is going to focus on its educational offerings and $70 per year subscription-based web encyclopedia. As MSNBC points out, the inevitable change to a digital model isn't likely to dent the company's bottom line all that much. "They were Google, think about it, before there was Google. But then Wikipedia became the research choice almost by default.... These days the book form of Britannica is just one percent of their business." And The Wall Street Journal says — trustworthiness and reliability aside, it's hard to compete with The Free Encyclopedia. "Ultimately its biggest recent challenge has come from the crowd-sourced Wikipedia which neither charges for access nor pays its contributors. That is tough competition for a commercially-run business." In any case, Drew Olanoff at The Next Web says this was only a matter of time. "To be completely honest, these print dinosaurs have been out of style since the Internet was born, which is about fifteen years now. I'm not quite sure what has taken the company so long to realize that it was losing money by continuing to print books, but either way, the time has come to say goodbye." PCWorld quotes ...

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Encyclopaedia Britannica Now Only Digital - Video