If you used to work for Wizard, and they fired you, I can see how you would enjoy some schadenfreude at the magazine announcing that they are closing down. That makes sense to me.
Otherwise, why the heck would anyone else be happy about a magazine about comic books closing down and a bunch of people losing their jobs?
We see this a lot, like stuff like this is a zero sum game. "If book/magazine I don't like gets canceled, then that is a net positive for me," when it really is not - it does not affect you at all.
Feel free to not enjoy Wizard or Toy Fare, but to be openly pleased about them going out of business? That doesn't seem right to me.