Just released an update to Reeder 5 which is basically just a name change. Reeder 5 is now Reeder Classic in the App Store (still Reeder when installed).

Sorry about this not being a real update. The plan is not to just leave it untouched in the App Store. Once the new Reeder is out, I'll hopefully have more time again to also work on updates for Reeder Classic and of course Mela.

To me, the new Reeder feels like a natural next step but I realize that not everyone will agree on that which is why both apps will coexist moving forward.
@rizzi let me take a wild guess - reeder is going subscription?