Well that was a hyperbolic headline, wasn't it? The actual story is merely that, as suspected, the end of Fun Publications being in charge of the GI Joe Collectors' Club appears to mean the end of the Club as a whole. They've posted a nice farewell message on their Facebook page:
Thank you to each and every one of you that has supported us over the last 20 years. We have a great 2016 planned, with the FSS 4.0 currently shipping and info on FSS 5.0 right around the corner!
Finally, back to the very first point. Thank you! Thousands upon thousands of you have supported the Club over the years and right now, as of today, the GIJCC is as strong as it ever has been! That is because of all of you, your love for 12 inch G.I. Joe, the Real American Hero line and everything in-between! So many of you truly enjoy what the GIJCC offers and enjoy what we do and none of what we have done would have been possible without you. You are an amazing fan base and thanks to all of you who continue to have an important impact on the hobby! You all are what makes this fun to do!
Make no mistake, GI Joe will be back. Hasbro owns that property 100%, so no licensing fees = a higher profit margin for them. Hasbro will always come back to GI Joe for the same reason Mattel always comes back to He-Man. It may just be time for a rest. Generation 1 gave way to GI Joe Extreme. Generation 2 gave way to Sigma 6. And now it's Generation 3's turn to retire the colors.