A story I submitted last month just bounced back… because the magazine I submitted it to went out of business. This is the second time this happens to me – in the first case, it was a story I had already sold – between the acceptance letter and the publishing, the publisher went belly up.
I could be cynical and say that’s the reason why you should always aim at paid-on-acceptance markets, but really it’s no laughing matter.

Every time a magazine or a publisher goes out of business, we, as writers and as readers, are a little poorer.

The only up side of this last sorry matter?
I had mistakenly mailed the same story to two prospect markets at the same time. Now tat problem’s solved.