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:
Some bittersweet news. Tin House magazine’s 20th Anniv. Issue, out 6/2019, will be our last. Given the current costs of producing a print literary magazine, we have decided to shift resources to Tin House Books & Workshop. Read a letter from our publisher: https://t.co/muVIl70ZUc pic.twitter.com/XeEnJl6lio— Tin House (@Tin_House) December 13, 2018
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.