Click Here!
Results 1 to 3 of 3

Thread: UGO buys and shuts down 1Up.com; EGM

  1. #1
    2nd Scoring Line Matt Young's Avatar




    Join Date
    May 2008
    Posts
    338
    Liked
    6 times
    Karma
    1000000
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    1 Post(s)

    Default UGO buys and shuts down 1Up.com; EGM

    Ziff Davis Media Sells 1UP Digital Assets to UGO Entertainment, a Division of Hearst Corporation

    Ziff Davis Media Sells 1UP Digital Assets to UGO Entertainment, a Division of Hearst Corporation

    Sale Allows Ziff Davis Media to Focus Solely on its Core PCMag Digital Network Business

    Final Print Edition of EGM to be Distributed in January ‘09

    NEW YORK--(BUSINESS WIRE)--Ziff Davis Media, one of the nation’s leading technology media businesses, announced today the sale of the 1UP Digital Network, including 1UP.com, MyCheats.com, GameVideos.com and GameTab.com to UGO Entertainment, a division of Hearst Corporation

    Ziff Davis Media’s EGM Magazine will be discontinued. The January ‘09 issue will be the final printed issue.

    “We believe this is a smart transaction for Ziff Davis Media that places these market leading assets and teams in a great environment poised for further success. The transaction allows us to pay down debt and shift our full focus to our core PCMag Digital Network business. We thank our 1UP team members for their contributions and wish them the best of success into the future”, said Ziff Davis Media CEO Jason Young.

    “Since we started UGO 11 years ago, we have served the gamer community and built a world-class online publishing platform,” said J Moses, CEO of UGO Entertainment. “The acquisition of 1UP, with its authentic voice, tenured editorial personalities and bustling user community, allows us to expand our base of quality content and represents a major step forward in UGO’s mission to become the leader in the games space.”

    Ziff Davis Media recently announced the launch of the PCMag Digital Network reflecting a move to a 100% digital position for its flagship brand. The PCMag Digital Network leverages its quality content and audience to offer marketers a unique combination of solutions that enable strong brand positioning, while driving measurable response results. More announcements about the future growth and expansion of The Network will be issued in the coming months.

    GCA Savvian Advisors acted as exclusive financial advisor to Ziff Davis Media on the transaction.
    This sucks so much. I've read EGM since issue #100 (last one was #236) in November 2007. I bought every issue until getting a subscription a couple years ago. That subscription was set to run through October 2010. I wonder if there will be a refund (doubtful) or a replacement (something ****ty).

    This is a sad day for me. While anyone can get the news and reviews online, I still enjoyed reading EGM the day I received it each and every month. I was fortunate enough to meet the crew at E3 2005, and all of them were class acts. I hope they start a new site, or something to that effect.

  2. #2
    Tom Emanski Spokesman Frolov24's Avatar




    Join Date
    Oct 2002
    Posts
    2,100
    Liked
    75 times
    Karma
    1000000
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    0 Post(s)

    Default

    Quote Originally Posted by Matt Young View Post
    Ziff Davis Media Sells 1UP Digital Assets to UGO Entertainment, a Division of Hearst Corporation



    This sucks so much. I've read EGM since issue #100 (last one was #236) in November 2007. I bought every issue until getting a subscription a couple years ago. That subscription was set to run through October 2010. I wonder if there will be a refund (doubtful) or a replacement (something ****ty).

    This is a sad day for me. While anyone can get the news and reviews online, I still enjoyed reading EGM the day I received it each and every month. I was fortunate enough to meet the crew at E3 2005, and all of them were class acts. I hope they start a new site, or something to that effect.
    I'm being told that 1up.com will continue to operate along side UGO. The main reason EGM will cease is that they no longer have access to the 1up.com content, which made up a great deal of the print editorial.

    Very sad day, have some good friends over at Ziff that lost their jobs today.

  3. #3
    Stabbin' you with love SuperCalo2000's Avatar




    Join Date
    Mar 2007
    Posts
    4,749
    Liked
    1017 times
    Karma
    1042400
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    73 Post(s)

    Default

    This sucks. EGM is the only magazine I subscribe to. Repeat... This blows !!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82