With F&SF going bi-monthly recently, times are clearly hard but I'm pretty surprised at the way this has been done, assuming that ->this<- is an accurate report.
It feels like the owners were looking for an excuse to pull the plug, particularly as they've gone public before even telling Shawna, which I think is a particularly poor way to treat an employee.
I'm also surprised that considering subscriptions were good and advertising presumably still reasonable they didn't go into hiatus, poll subscribers and go e-zine. I wouldn't be surprised if someone buys the title and doeas just that.
You can always hope!