According to tweets by Phl make, reports that Maker Media, has ceased operations is correct.
From the screenshot.
Reports that the Maker Faire organization, Maker Media, has ceased operations are accurate; the PhillyMakerFaire is 100% planned, supported, and operated by the Philadelphia maker community.
This is sad news for our national leaders. The PhillyMakerFaire team is committed to growing, expanding, and building the Philly maker community and we have no plans on stopping now!