I'm happy to announce that new market for science fiction and fantasy novellas has just opened up, thanks to my friend Dario Ciriello.
Panverse Publishing will be looking for pro-level stories of fantasy and science fiction between 15,000 and 40,000 words. Those of you familiar with the markets will probably remark on the fact that there are very few novella markets out there, so if you've been looking for one, here it is. They are currently accepting submissions for a Winter 2009 issue and will pay $60 per story. Details can be found at their website, and their page about submissions is here.
Good luck to all you novella writers!