I've been hearing rumors about this for months, and now it's out in the open. May need to be spun off to its own page, but it can probably stay here for now. I just read this in Publishers Weekly:
[Tor.com is very excited to announce that we will be expanding our original fiction program by way of a brand-new imprint dedicated to publishing novellas, shorter novels, serializations, and any other works of fiction that exceed the traditional novelette length. Tor Books publisher Tom Doherty launched the new imprint in a speech at Book Expo America, which also addressed the implications of DRM and celebrated the connectivity that the publishing community has always relied upon.]
This could be a game-changer for those of us who've been trying to market fiction longer than 17.5K but shorter than the 80K to 100K 'novel' length stuff many of the other SFF publishers are seeking. Granted, I tend to write stupidly large books that have to be hacked in half. But I think that Tor.com is reading a new/old market, here.
Here is a
link to the main announcement. I'm still skeptical about contract terms, etc. so I'll leave it to the experts to sound out pros and cons.