We don't really have a Plan B in place, and we frankly don't think we need to implement a Plan B. We've discussed it, because there have been several “Prophets of reddit's Demise” over the years that have modmailed us. This has led to a discussion amongst the mods, because we kick around any idea that we get asked. We're academics. We don't do anything but kick around abstract ideas that often are never implemented. So while we certainly have talked about this worst case scenario in the past, it has been nothing formal, and we have no concrete plans for the matter, but rest assured that if we lost our home here, we would do everything in our power keep this amazing community alive.
Right now we don't think Reddit is likely to go belly up; what we've talked about is whether or not to have some backup plan if we need to jump ship. The consensus is that barring something going catastrophically wrong for Reddit far sooner than expected, if we need a plan B it's going to be on something closer to "internet website life cycle" scale(like measured in years and not months-think just how long it took Facebook to displace MySpace).
It seems more likely that reddit would gradually fade away than disappear overnight. People would naturally move to some other platform. See: MySpace, Dig, etc.
Most history forums are sort of crappy. AskHistorians is at least decent.
Is it that bad? Do not get me wrong, but I just made an account to wholeheartedly endorse reddit's policy of censorship and anti-freedom of speech (I'm kidding!) and it would be hilarious timing indeed. If anything, it'll get cozier.