I hope this is wrong, but the source seems legit.
Damn, I was so looking forward to reading magazines and newspapers on my new Scribe. Very disappointing, and strange timing, with the recent Scribe launch. The major advantage the kindle has over the Kobo imo. Damn.
http://https://www.publishersweekly.com/pw/by-topic/industry-news/bookselling/article/91129-amazon-to-end-print-textbook-rentals-overhaul-magazine-and-newspaper-subscriptions.html
ETA: I would have put this in the Amazon cost-cutting thread, but it has veered way off-topic, so I started this one.