There are still plenty of other hobby magazines on the newsstand though. Ham Radio, model rocketry, sewing, body building, all sorts of esoteric hobbies still have magazines. If computer gaming was stil an esoteric hobby, it woudl probably still have magazines. It had a lot more magazines when there was a lot less money in the business.
Newspapers are a different kettle of fish from hobby magazines. Bad example.
However, you have to admit, as news-information is increasinly moving to an online distribution model and thuse being easily available to the average computer user, it makes sense that a magazine devoted to something that uses the computer as its base of operations would be hit harder than say, Ham Radio that wouldn't be as intrenched online, necessarily.
I think - I won't swear to it - that I still have two issues of CGW around the house here in a box that were my brothers...