I'm very distraught at the news that Weird Tales has been sold and its staff fired. As I learn from The World SF Blog, a writer named Marvin Kaye has bought it in order to edit it himself. Details on the purchase are scarce and are competently summarized in the link I've provided. I find this very hard to swallow.
One of my goals as a writer was to have a short story accepted by Weird Tales under VanderMeer as an editor. Now that won't happen. I also lament the loss of the all female staff, which managed, in my honest opinion, to bring a state of Reconnaissance to the magazine. I can't say what will happen with the magazine now. I do hope it maintains popularity and credibility, but I am distraught that such an exciting and innovative era has come to an end.
Here is Ann's farewell letter.