Google Reader is closing on the 1st July.
I suggest Newsblur as your new feed reader. I have been using it for a while and would recommend it. Its mobile reader is not as good but in other respects it is superior. For example, it has filters so you can manage your information load by filtering out anything that does not interest you.
It is slow at the moment because there is a big rush of new customers from Google but the operator is adding new servers.
There is a free account but go for the paid account. It is only $12 a year and much better.
It is easy to move your feeds to a new service. Just download a .opml file from Google [they make the process harder than it needs to be] and upload it to Newsblur [very easy]. The .opml file contains a list of all your feeds so you can be up and running on your new service in a few minutes.
Reader is just the latest Google service to close. I wonder how much money Google saves compared to the damage to its reputation as a trusted service provider. How does it expect people to invest time and effort in adding content to their other services when it clearly is not a trustworthy company? For example, this is another nail in the coffin of Google+. That turkey ain't going to trot.
Reader was not being developed so it was only incurring maintenance costs. With Google down to its last few tens of billions of dollars economies are obviously necessary.
However, Reader is used by a lot of journalists and they are going to be annoyed by its closure. I suspect Google can look forward to lots of snide and negative reporting in the future. I wonder how many millions of their's advertising budget they have just managed to nullify?
Is Blogger going to be the next one to go?
ps What happened at Newsblur after Google Reader said they were closing. Link