1UP Sold to UGO, EGM to End This Month »

Posted By brendoman 10 months, 3 weeks ago in Arts & Entertainment

Prop it 8 1 drop Drop it

After recent rumors, and several months of closeout sales by Ziff Davis Media following their Chapter 11 filing last summer, What They Play had a story today saying 1UP.com, the online source for video game news tied to long standing magazine Electronic Gaming Monthly (EGM) (and until recently several other magazines) has been sold. The buyer is Hearst Corp, who already owns and operates UGO.com, itself reputed to have had financial difficulties in the past several months, including layoffs and long time contracted employees being reduced to freelancer status. Hearst’s plan, according to the report, is to fold 1UP into UGO, re-expanding the gaming section of the site. EGM comes along as part of the sale, and Hearst plans to make the issue currently in production the final issue of the magazine.