The rise of online SF/F magazines

Simon Owens of Bloggasm examines the rise of SF/F e-zines and whether they will ever become profitable.  The article has generated a good bit of controversy, as can be seen in the article's comments section and on the readers forums at Asimov's. Overall, I think it is a good examination of the history of e-zines, although leaving out Jim Baen's Universe and Intergalactic Medicine Show is strange, especially since these are two of the best online magazines and have the best claim to profitability. Still, I give props to Owens for writing an extremely informative article. (If you want to see Owens' article on the Million Writers Award I run, go here.)