From Anime News Network:
Viz Media's Shojo Beat magazine is no longer accepting subscriptions over the phone or online, and one of its distributors, Alini Magazine Services, reports that the magazine "is ceasing publication with the July 2009 issue." Telephone representatives of the company that handled Shojo Beat's subscriptions say that the company has not been accepting subscriptions "for several weeks" as of Tuesday, and add that more details will be available on the shojobeat.com website. The website currently displays the fifth issue of the fifth volume of the magazine (pictured at right).
The Kuri-ousity website reports that Viz will offer issues of Shonen Jump magazine to replace the remaining issues of current Shojo Beat subscriptions.
UPDATE. Viz confirms, plus further information HERE
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