The end of LIFE?

The LIFE magazine, which has established and had been enhancing photojournalism, was announced as to be discontinued.
'Seeing-is-believing magazine' seems to be the most suitable expression for the Life magazine. It has made a complete album of 20th century while it has produced many famous photojournalists like Robert Capa and Ken Domon through the 70 years of its history.
As you may be aware now every cellular phone has a camera function. Camera Mobile Cell Phones has produced more than 100 million of amateur photographers who are ready to take the pictures of every events and every accidents on the earth. All the images will spread throughout the world via internet in a single second, but almost none of them are selected sorted.
Fortunately the website edition seems to be continued. Photojournalism will not be spoiled as long as this authority remains.
It's not the end of LIFE.