Oh jeez, Gizmodo, it’s bad enough when newspapers get the facts wrong about ereaders, but you’re supposed to be a source of expertise in this domain. You’re a flippin’ gadget blog.
Anyway. The point is this: you don’t lose back issues of Kindle (or Nook) magazines you already paid for when you cancel a subscription. Gizmodo says they’re deleted. Gizmodo is wrong.
Check out Andrys Basten’s detailed and informative explanation of how this really works over at Teleread. And don’t trust Gizmodo for ebook news.