Just got back from a walk and a hair cut to the following word from VIZ spokeswoman Ev in response to my request for comment on Shojo Beat shutting down:
Yes, the final issue of Shojo Beat magazine will be the July 2009 issue which is on newsstands June 16th. We are very proud of the past issues of Shojo Beat magazine and the efforts of the entire team. The magazine developed quite a fan base but unfortunately in today's difficult economic climate we felt the need to place our resources elsewhere at this time.
Of course all of our great shojo manga titles previously serialized in Shojo Beat magazine will still be published and available as graphic novels under the Shojo Beat imprint from VIZ Media. Each Shojo Beat Subscriber will be receiving a free copy of the August issue of Shonen Jump magazine with the pertinent information on what their subscription/refund options will be.
Subscribers and fans of shojo manga can get the latest information on all new Shojo Beat titles and news by visiting www.shojobeat.com. :)
And yes, it is the same information that's being sent to, well, pretty much all of us who requested comment on the matter, I'm sure. :)
So it sounds like current Shojo Beat subscribers will have more options that simply a continued subscription with Shonen Jump as repayment for their subscriptions, although they clearly will receive that one issue, which I'm glad to hear (although I'm sure more than a few Beat readers will be content to continue with Jump, if they don't already have subscriptions).
Other than that, I'm disiinclined to read more into the closure of Shojo Beat than VIZ's removal of a project that didn't seem to be carrying its weight, which is a common enough act from the publisher. We'll miss the mag, and of course it's sad to see yet another print outlet for manga to be removed, but I wouldn't worry too much about VIZ's future or anything like that, if you were inclined to.