Most likely it isn't making money or costing more than it is worth. They probably need to cut or reduce their costs or losses and mybloglog happens to be one they see as unsustainable.
I don't see any problem on the site as I have just created a new community about business IT services.
Yeah, that's true. Just read the full news here - http://www.ztweet.com/after-delicious-yahoo-is-going-to-shut-down-mybloglog/
i was also using my blog log but i left it 3 months before i think it is not profitable for yahoo community
they've sent emails yesterday about this. i received it too. just like some of their services like flickr, it probably will be transfered to its own domain
I also have seen the news. Yahoo is closing several services, including bookmarking site delicious.com, Yahoo video, MyBlogLog and more. It is said that Yahoo wants to focus on its main service.
Yes, I have received an email from Yahoo announcing that they will officially discontinue MyBlogLog on May 24, 2011.
i think your blog have duplicate content. And duplicate content not allowed in any site like blog or .com