Mr. Orson Scott Card :
The big challenge is that television is almost completely replaced the short story in our culture. Forty-five minutes of Dr. Who in my iPod Nano IS a short story.
Yet it's in the short fiction that science fiction is constantly reinvented and recreated. Creating even the cheapest TV show is very, very expensive; ditto with comics, though it's much cheaper than TV. Short stories, though, don't require any such expenses.
If the short story market in sci-fi does not stay alive, then we're dependent on novels alone for our most inventive fiction; and since stupid publishers insist that they'll only look at AGENTED manuscripts, and agents only know how to recognize LAST YEAR's bestseller, genuine inventiveness would disappear or at least have a hard time making its way to the forefront of publishing.
Fortunately, there are still smart publishers who do not require the intervention of agents, and there are still a few of us publishing short fiction - even at a loss.
And believe me, we are publish igms at a loss. My wife and I have decided to regard it as a very expensive hobby so that we don't ever judge it by commercial standards. That's why we pay (or, to tell the truth, grossly underpay) for illustrations for all the stories.
But i still harbor the hope that readers will gradually come to IGMS in numbers that will allow the magazine to make money, so it doesn't depend on the vicissitudes of my writing career. I'd like it to be a magazine that continues after I retire or die.
Meanwhile, we publish some of the best traditional sf and fantasy stories ANYWHERE. It's not limited to hard SF like Analog; I have no patience with artsy stories that are published more as Nebula-bait than anything else; and all in all, I think it's one of the best entertainment values available. http://www.oscIGMS.com