I often hear people joking that if the new 52 failed DC would just reboot again and make the newer 52

this is sadly very close to that

the rumor says that DC plans to cancel 16 titles and replace them with 4 ongoing weekly comics which will focus around Superman, Batman, The JL and Green Lantern, all with rotating creative teams

of course if the rumor is true that pretty much marks the point where DC just gave up on trying to launch new creative comics that are outside the regular superhero genre.

It doesnt help that in the month of June DC will launch only 50 ongoings and not 52, which indicates basically that DC is just cancelling the titles faster than they are producing new ideas, and those same new ideas dont end up working anyways hence are the first to be canceled by the next wave.

personally i would had liked DC to gave a couple of extra titles for Sword of Sorcery if only to keep the number at 51.

but anyways, what are the bottom 16 you may ask?

• All-Star Western
• Batwing
• Birds of Prey
• Demon Knights
• Dial H
• Justice League Dark
• Katanna
• Legion of Super-Heroes
• Phantom Stranger
• Stormwatch
• Suicide Squad
• Superboy
• Talon
• Threshold
• Vibe
• Worlds' Finest

source: Diamond Comic Distributors, Inc. - Top 100 Comics: February 2013

of course this list doesnt considerate the idea that titles like Movement and Green Team which arent even out yet would start at the bottom of sales like Katana and Vibe did this last month

Source