There is a new Lambda Literary Webzine
http://www.lambdaliterary.com/
According to the announcement,

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The new Lambda Literary webzine will aggregate the best links from LGBTQ and mainstream book news websites and newspapers, feature provocative interviews, under-reported stories, and thoughtful, of-the-moment book reviews and nurture a social community that comments, critiques, links back, twitters, blogs, and interacts both online and in person.
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It already has a
wonderful article on LGBTQ lit for young adults
http://www.lambdaliterary.com/bisexual/02/26/what-do-lgbtq-teens-want/#more-596

You can also read the list of submissions for the 22nd Annual Lambda Literary Awards at
http://www.lambdaliterary.com/awards/current-submissions/