A number of literary journals have given up, so to speak; in other words, gone out of business. They are either publishing online only or not publishing at all. I’ve received a number of emails or notifications from literary journals and, in some cases, well known or otherwise recognized and considered successful literary journals like Tin House that they will no longer publish.
The main reason is the cost or publication vs sales. Many literary journals operate in the red, a few may break even. I don’t think any of them are rolling in the dough.
Even the writers they publish accept their free copies and don’t purchase other copies. I understand; how many subscriptions can one writer – being paid in free copies – have?
This leaves us writers with fewer places to submit.
There are a number of online journals looking for work, and more forming every day. Although some of them are quality, I personally want more information than just a description of a new and upcoming online journal accepting submissions.
Duotrope and Poets and Writers offer more information on many of them – that’s a good resource.
I, however, think I’ll donate my time to finishing novels and fewer short stories. The shorter fiction may or may not be submitted, may or may not find a home.