Though the writing's been on the wall for a long time, I have to say that I'm pretty bummed about EGM shutting down. While my subscription lapsed around 2005, I was a pretty avid reader for over 10 years. In fact, EGM was the reason I got into this field.
Back in fourth grade, I was one of those kids that would tuck an issue of EGM into my history book and read it during class. I can't even begin to fathom the amount of quality games EGM's staff turned me on to, or the vast knowledge they instilled in my head.
My heart goes out to all those affected, both at EGM and 1UP. Best of luck, and thanks.