Observer's axing of the TV guide-a regrettable but necessary option?

I must admit that I was rather perturbed when the Observer decided to axe its weekly TV guide,a couple of weeks ago.My suspicion was the usual one to save money and my suspicions were correct as the Review's editor, John Mulholland, writes here

In short, there are no excuses. "This is not a decision we took lightly and it is a source of real regret to us,.
This was just one of the host of difficult decisions we have had to make in recent weeks. Newspapers and media groups are facing the most difficult trading conditions imaginable. Not only are we suffering from the catastrophic fallout from the credit crunch in terms of severely reduced advertising revenues but, additionally, our industry is undergoing structural change which is causing enormous disruption."

Call me old fashioned,and I know the arguments are that this information is now in numerous places.But it was good to have a paper guide to refer to and more importantly their recommendation ofter filled the Sky+ box