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EGM Magazine to Close Following 1UP Sale, Over 30 Employees Let Go

by Nick Breckon, Jan 06, 2009 4:32pm PST
Related Topics – Ziff Davis Media

Update: It appears that UGO's acquisition of 1UP has led to over 30 Ziff employees being laid off, including many veterans of the 1UP network.

According to their Twitter feeds, 1UP Show creator Ryan O'Donnell and producer Matt Chandronait were among those let go. 1UP director Sam Kennedy, who will be making the move to UGO, would not comment on whether the show was indeed cancelled when asked by MTV.

Original story: Joint press releases issued today have confirmed the sale of the 1UP Digital Network to Hearst Corp's UGO Entertainment, as well as the impending closure of EGM.

"Ziff Davis Media's EGM Magazine will be discontinued," reads the release. "The January 09 issue will be the final printed issue."

Gamasutra has obtained an internal email from Ziff Davis CEO Jason Young to the 1UP team, in which he explains the decision to close EGM.

"With demand for print continuing to decline amongst both advertisers and readers and the content being produced by 1UP no longer available for use in the publication, it simply did not make sense for us to move forward with this business any longer," said Young.

Young also noted that Filefront will continue to operate under Ziff's PCMag Digital Network.

1UP.com, Mycheats.com, Gametab.com, and GameVideos.com will join Hearst's UGO Entertainment in the deal.

Electronic Gaming Monthly was founded in 1989. Ziff Davis CEO Jason Young told the New York Times in November that while the magazine turned a profit in 2008, revenue was expected to plummet in 2009 following a period of rising costs and falling advertising.




Comments

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  • I had an EGM subscription for years and even EGM2 for a while, but yeah the web killed print. It just doesn't make sense anymore.

    The writing, reviews, and coverage were all top notch every month. Though it has been ten years since I had a subscription I still find it sad to see EGM die off. I was always extremely satisfied with it, but it just doesn't make sense now. With places Shacknews (or 1UP) now were information is more up to date and all types of media can be served (see: video) there just doesn't seem to be much room for periodicals. Even newspapers are having to reconfigure their business around the internet. It seems far more efficient for all parties involved to deliver any periodical-type information via the web rather than on dead trees, with tons of ink, through the mail.

    RIP EGM.