The legendary fansubbing group, Dattebayo have announced as of the 15th January, they will permanently be halting any translating or distribution of all Naruto series. This has been done owing to the fact that Viz Media and the Naruto team have managed to get the show on various streaming sites within a reasonable timeframe.
The group spokesperson: Iteractii stated that:
If we continued to sub Naruto, it would be a direct affront to Viz, a company that, for the most part, has been pretty amazing to us as fans. Sure, you can say that their dub sucks, or whatever other axe you have to grind, but never once did they ask us to stop subbing Naruto or Bleach, something that is well within their rights and power to do. We have episodes that have gotten almost a million downloads. We’ve had episodes that have gotten more downloads in their their first 24 hours than they had viewers when they showed on Cartoon Network.
Whether or not this official statement remains true is yet to be seen.
Source: Dattebayo Fansubs