Literary Magazines were suffering even before the recession, so they're under even more pressure now, as we've seen in the cases of The Southern Review and New England Review, both threatened with severe cutbacks by their respective university sponsors. Now it's the turn of TriQuarterly, published by my alma mater, Northwestern University.
It is being reported in Evanston Now that Northwestern University press will "regroup" and drop TriQuarterly as a print journal, shifting it online beginning next year. (The link above will take you to the TriQuarterly blog, rather than a genuine web presence for the magazine.) Another big change is that the magazine's operation will be shifted from the School of Continuing Education to the creative program, which has expanded in recent years.
NU/TriQuarterly Press has an extensive list of literary titles. I'm concerned about what will happen to them, but we'll have to wait and see.