Tir Na Nog Press has bought Realms of Fantasy and is going to release a first "new" issue in May. Barebones site here.

SFScope has a complete article with some more details, including reactions by new publisher Warren Lapine as well as the editor Shawna McCarthy who will apparently be staying on. Continuity seems guaranteed:

Lapine is not anticipating any changes that will be visible to the public. Realms will continue paying authors the same rates, on acceptance, and leave the editors in place. He hopes to have his first issue out in May. "Our plan is to miss only one issue. The next on the schedule would have been 15 March, and for obvious reasons, that's not going to happen."

Finally some good news from the SFnal magazines...