New Journal for Short Stories
Electric Literature is a new journal for short stories. The first issue released in June 2009. EL will publish five stories bi-monthly and copies are available for $5 on Kindle, eBook, or iPhone/iPod Touch. For $10 they will print paperback copies on demand. And get this: they pay writers $1,000 for stories.
According to the website, EL's staff believes that "by publishing gripping narratives from America's best contemporary writers and embracing new forms of distribution, we hope to facilitate a renaissance of the short story."
The current issue features stories by T. Cooper, Michael Cunningham, Lydia Millet, Jim Shepard, and Diana Wagman.
No poetry or essays, just stories.