As part of the second spring cleaning Google is retiring Google Reader from July 1, 2013.
We launched Google Reader in 2005 in an effort to make it easy for people to discover and keep tabs on their favorite websites. While the product has a loyal following, over the years usage has declined. So, on July 1, 2013, we will retire Google Reader. Users and developers interested in RSS alternatives can export their data, including their subscriptions, with Google Takeout over the course of the next four months.
This is really a bad thing, as I extensively use Google reader for all my news gathering from various sources. Now have to start looking for alternatives, check out Google Reader alternatives from LifeHacker.
As of now NewBlur looks like a good option with their $1/month Premium option. Add your comments for any other suggestions.
Feedly has also planned for providing a seamless transition for Google Reader users.