The study edition will continue as a 32 pages magazines, it is the "other" WT, the public one, that will be reduced.
I don't think they can ever drop the WT or merge the two magazines into one. The WT magazine itself is so basic, so vital for the history, that it must "always be". There are many easy-to-read article in the present magazines, about countries, mountains, animals, that after having thought about it, the more "religious" articles can easily be trimmed down to two 16 pages magazines.
But I seriously think about the JWs living in high altitude mining villages in Peru and Bolivia, in jungle settlements in the Amazonas, in the deep forests of Congo and Central Africa - when they are told they can find the articles on child rearing and more "fun-stuff" articles for the children to colour etc, on the Internet? Most of them do not have electricity, a few might have some diesel-driven aggregate that gives light ten minutes before going to bed at night, and computers is a "what-is-that?" word. Youths in the West will survive, but youths in the Congo ..............?