[2] On January 27, 2009, the magazine's managing editor under Sovereign Media announced that Realms of Fantasy would cease publication after the April 2009 issue.

In March 2009, SFScope reported that the magazine had been bought by Warren Lapine's Tir Na Nog Press and would not close.

In October 2010, Lapine announced plans to shut down the magazine, with the final issue (December 2010) made available to subscribers online.

[10] However, a month later the magazine was sold to small press publisher Damnation Books,[11] which resumed publication without a significant hiatus.

[9] In November 2011, William and Kim Gilchrist of Damnation Books LLC announced that publication of the magazine would end with the October 2011 issue.