
Gamasutra reports that troubled publisher Ziff Davis has sold the 1UP Network and shut down EGM magazine:
" Following repeated rumors to the effect, Gamasutra has learned that Ziff Davis has sold its 1UP division to Hearst's UGO Entertainment, and is shutting long-running print magazine EGM in the process.
According to a statement received by Gamasutra, Ziff Davis Media has now officially announced the sale of the 1UP Digital Network to Hearst's UGO Entertainment division.
The sale includes 1UP.com, Mycheats.com, Gametab.com, and GameVideos.com, and specific financial terms of the deal were not disclosed.
In association with this, Ziff Davis Media's EGM Magazine, a consumer game print mainstay since 1989, will be discontinued. The January 2009 issue will be the final printed issue.
Thirty staffers have so been let go, so far."
SOURCE
R.I.P EGM
1989 - 2009
This post has been edited by aiyish: Jan 19 2009, 12:41 AM
Jan 18 2009, 10:41 PM, updated 17y ago
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