The decision to kill the magazine wouldn't be from the renewal or editorial staff, but by someone at the actual publisher's office.
So, renewal offers would go out weeks or even months beforehand, and the staff likely wouldn't know they were about to be kicked to the curb.
Possibly the actual talent at MA is scrambling to find a publisher, or a printer, or whatever, so they can re-emerge/continue.
Maybe they can make a deal with whomever MCG uses, but I doubt their circulation would work for whomever publishes MT, or C/D and R&T.
For years, ever since magazines started folding (bad pun), I've only renewed for a year at a time.