It costs an awful lot to publish a high-quality print publication, and literary standard-bearer Tin House has just announced that they can't keep losing that kind of money:

Between this and Rookie magazine shutting down, it's been another bad year for media. If you've ever been interested in starting a literary magazine, now's your chance. Figure out a new model, find a niche that's not being filled, get online, and make it happen. Nobody else is going to publish the literary magazine that you have in your head.