It is not old news that Pluto has lost planet status. The definition of a planet has been changed by the International Astronomical Union (IAU) and according to the new definition, Pluto is now categorized as a dwarf planet. A round celestial object, which orbits the moon, should have enough gravitational force to 'dominate' the objects around it to be defined as a planet. The latter is a difficult requirement for Pluto to manage because of its small size.
Many dwarf planets have already been discovered and many are, in fact, larger than Pluto. According to a National Geographic article by Mason Inman "there are more than 40 of these dwarfs, including the large asteroid Ceres and 2003 UB313, nicknamed Xena—a distant object slightly larger than Pluto discovered by Brown last year." Pluto would be in a very awkward position because of all of the larger asteroids and other planets that are being discovered and defined as dwarf planets. The line between planet and dwarf planet would be far too thin for Pluto to remain as a planet.
I think of it as scientific progress that the definitions of planets are being changed and that we can re-evaluate the objects that make up our solar system. We have discovered so many other objects in space that we now have to categorize them differently.
Here is the National Geographic article.