In a statement released yesterday, Mary Trammell editor in chief of the 100-year-old US paper said the new platform will "secure and enlarge the Monitor's role in its second century".
The newspaper's website currently attracts around 1.5m visitors per month; it anticipates that the move will "increase the Monitor's reach and impact" while "making progress towards financial sustainability".
In the current financial year, the paper is forecast to lose $18.9m - the paper has required a subsidiary from the Christian Science church for most of its history.
It is projected that the switch to online will reduce the company's operating loss to $10.5m by 2013, based upon a reduction in the church's subsidiary to $3.7m.
The newspaper's circulation has dropped from 220,000 in the 1970s to just over 50,000 today.
For more see next week's PrintWeek.
US national newspaper to ditch daily print issue for website
The Christian Science Monitor looks set to become the first national daily newspaper to abandon print, announcing that it would switch to a purely online edition in April 2009.
