From ANN:

Representatives of A.D. Vision (ADV) have contacted retail partners to inform them that the February issue of Newtype USA is to be the last. At this time it is unclear if this refers to the official February issue, which is set to go on sale later this month, or the March issue, which would go on sale in February.

According to reports from those contacted by ADV, the company is planning to replace Newtype USA with another magazine. No information about the new magazine is currently known.

Me: Holy crap.
Daryl Surat: R5 Central killed Newtype.
Me: Now THAT would be bragging rights right there
Daryl Surat: Well, you did.
Me: …How?
Daryl Surat: Otaku USA had R5 Central and Newtype USA did not. That is why Newtype is no longer around.
Me: Huh, when you look at it like that…

R5 Central: We Killed Newtype USA.

…If only we were really that pivotal :P