UGO Buys 1Up; EGM Will Close [Jan 06, 2009, 10:24 pm ET] – Share – Viewing Comments
Gamasutra
has word that UGO has purchased Ziff Davis' 1Up division, a move that has been
rumored for a while now, and true to other rumors, print magazine
EGM is not part of the deal, and is discontinued following the January, 2009
issue. They also have word that some 30 layoffs immediately followed the deal,
and the article offers proud quotes from UGO high command, as well as a copy of
an internal Ziff Davis email announcing the move and outlining plans for the
future. For the record, UGO places the advertising on this website.
Except for the fact that their business depends on ad revenue from the community that browses their sites, which will be nonexistent. They would have been better off not buying it at all.
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