Sony Online Entertainment has spouted a fountain of news. First and foremost, it's closing a quartet of old MMOs: Vanguard: Saga of Heroes, Wizardry Online, Free Realms and Clone Wars Adventures.
Not enough people play to justify the upkeep, broadly speaking. Apparently Vanguard had been running at a loss for "a long time" but SOE didn't have the heart to tell players. That's what company president John Smedley told people on Reddit (via VG247).