Over the weekend I sent off a story to Red Sun magazine. They replied yesterday "Unfortunately, we must return it to you as we are on indefinite hiatus."
I'm grateful that even though they have closed, they were professional enough to still send a email. A lot of other venues, under similar circumstances, would have simply never replied. I had this happen recently with Perihelion magazine.
This highlights the disturbing shrinkage of respectable markets for short s-f fiction. It looked like a few years ago that the internet was leading to a proliferation of new markets, but I suspect many of them simply can't generate any revenue to cover whatever small overhead they have.
Even with a "4 the LUV" market, the owners must have a real job someplace and I'm sure become strapped for time.