King called it, IMO. This phenomenon isn't restricted to lit. fic.; it applies to the genre categories too.
It's a progressive death spiral. Mass market fiction magazines don't pay enough to justify the time spent writing a story -- because their circulation and readership is declining. So short fiction has become the domain of people who don't write for money -- like poetry: once a respectable paying niche in newspapers, and now little more than a hobbyist field curated by a handful of scholars. And then you get the curious aridity King notes, an airlessness in the room, as the stories being published chase an audience of readers motivated by something other than entertainment.
I like him calling out writing for writers (or scholars) to a degree. I read a lot of short stories and it's really hard for me to continue reading when the protagonist is a short story writer, or something to that effect.
If you want to read a great collection of short stories, go pick up "Everything Ravaged, Everything Burned" by Wells Tower. It's a fine debut.
If you are in NYC and appreciate the art of storytelling, The Moth is bar none the best storytelling franchise around. Unlike some of the other short stories referenced here, the stories are all true and frequently amazing.
If you aren't, their podcast has a selection of stories recorded from their live performances. I subscribe to their podcast so if I ever feel the need to be entertained while bored, I can listen to one of their superb storytellers.
"The novelist George Dawes Green did that himself when he founded the Moth in 1997. His intention was to bring to New York the storytelling traditions of his native Georgia, with audiences drawn to the tales like moths to the light on a rural porch."
Twain's a master of a lot of things in writing, obviously, but one of my favorite things he does well is the character of "pompous, erudite jerk who doesn't realize he's actually a moron". (Stephen Colbert is a good modern example of such a character.)
I guess it's my fault. I'm a science fiction novel fan: character development, story, action, society building, and ideas. In a short story you only get one. And as soon as you get attached to a character, setting, or idea, bang it's done. For a lot of people even a novel isnt enough. They go for 2000 - 3000 page mega-novel spread across 3, 5, 10 volumes.
Many authors seem to solve this by putting many stories in the same universe; if they like a setting from a short story, they continue it in more stories, and perhaps novels.
The Man-Kzin Wars series is an example of this run amuck: dozens of authors publish stories set in Niven's Known Space universe through this collection. They're an absolute joy to read and a great way to be introduced to many new authors.
:) And all the WoT fans cry out in anguish wishing for just 3000 pages in a mega-novel. (9353 pages, not including the prequel, illustrated guide, video game, etc - and still going)
His argument is, basically, that Modernism (here meaning the Joycean/Chekhovian "epiphany" story) has damaged the short story, or at least that it has played itself out, and that the old-timey plotted, adventure story looks fresh again.
But really, as others have mentioned, commercial short story markets have been in decline for 60+ years. Science fiction magazines are one of the last holdouts of the pulp era, and they're not all that healthy (commercially). This is making (has made?) general short fiction more like poetry. That ain't all bad. One upside may be that as commercial short fiction declines, writers and readers may be less inclined to think plotted short fiction == bad fiction.
Anyway, there is still a lot of quality contemporary-ish short fiction out there. If you like short fiction, you will certainly like some of it: Denis Johnson, Lorrie Moore, Alice Munro, Matthew Klam, Arthur Bradford, George Saunders, T.C. Boyle, and on and on and on.
The article's more than 18 months old. So while its interesting its a bit dated. I'd like to know what Mr King thinks now and how he feels the short story has fared since '07.
My personal belief is that the short story, and maybe even the poem, is on the verge of a comeback based on the rise of the eBook in Kindle/iPhone format. I think soon we'll see business models whereby its reasonable for an author/poet to sell an individual short story or poem. And that people will pay to read them on their phone or eReader.
OTOH I'm biased since short form is the sweet spot for my textflows technology!
It's a progressive death spiral. Mass market fiction magazines don't pay enough to justify the time spent writing a story -- because their circulation and readership is declining. So short fiction has become the domain of people who don't write for money -- like poetry: once a respectable paying niche in newspapers, and now little more than a hobbyist field curated by a handful of scholars. And then you get the curious aridity King notes, an airlessness in the room, as the stories being published chase an audience of readers motivated by something other than entertainment.