I just don't see why they couldn't have just left it running as-is, without any support.
Differently, Reader does not seem like the kind of app that would inspire a lot of uniquely hard engineering problems. (I.e., any hard engineering problems would probably be shared by several other Google services.) That seems to suggest that far fewer engineers would be attracted to working on it exclusively, and any that did wouldn't have any significant investment in Reader as a product.
There are valid reasons to discontinue even a mature product with a reasonable amount of success, populist or monetary. I dislike that Google declined to share those (though I sympathize with the managing principle of "just do it; don't explain why"), but I doubt I'd run any company the way Google is run in the first place, so my opinion on that front isn't really useful.