nycxandy
Diamond Member
http://www.1up.com/do/newsStory?cId=3172156
http://xbox360.ign.com/articles/942/942031p1.html
Thoughts?
UGO Entertainment Acquires 1UP
UGO Entertainment and parent Hearst Corporation have acquired 1UP and its associated sites.
By 1UP Staff, 01/06/2009
You may have heard the rumors in the past, but today the announcement we?ve all been waiting for has officially come: UGO Entertainment and parent Hearst Corporation have acquired 1UP and its associated sites GameVideos.com, MyCheats.com, and GameTab.com. 1UP and its sites now join UGO's network of gaming properties that will reach over 40 million monthly unique visitors. UGO and 1UP representatives commented on the deal:
"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."
"We are extremely excited to join the UGO team," said Sam Kennedy, editorial director and creator of 1UP. "Relying on UGO?s publishing platform will allow us to focus on what we do best?creating great content and 'owning the conversation' among gamers through our unique, authentic and definitive voice and community."
Obviously, there are sure to be many questions as to what this deal means for the day to day of 1UP and its sites. To those, we can only say that we'll continue to produce the very best gaming content and support the very best gaming community as we always have, only now we'll have the backing of a fantastic publisher like UGO. Please join with us in celebrating this major news for 1UP.
http://xbox360.ign.com/articles/942/942031p1.html
1UP Sold and EGM Closing Rumors
The Internet is abuzz with (possible) Ziff Davis shakeups.
by Greg Miller
January 6, 2009 - The end of an era might be dawning for a stalwart of the videogame industry -- Electronic Gaming Monthly might be closing for good.
Today, paidContent.org, website devoted to the business of digital content, ran a story titled "Ziff Davis sells 1UP digital network to Hearst, shutters EGM." In the article, which has since been removed, paidContent states that publisher Ziff Davis Media is closing EGM with this month's issue being the 20-year-old publication's last and selling the 1UP Digital Network to the Hearst Corporation. Under Hearst, 1UP would fall under the UGO Entertainment umbrella. Ziff Davis Media filed for Chapter 11 bankruptcy protection in March 2008.
A spokesperson at 1UP refused to comment this afternoon and directed questions to Jason Young, Ziff Davis CEO. A message left for Young, an e-mail to paidContent Managing Editor Ernie Sanders, and a message for paidContent Publisher and Editor Rafat Ali were not immediately returned this afternoon. Meanwhile, a UGO spokesperson did not return a phone call.
Today, former 1UP Editorial Director and EGM Editor-in-Chief John Davison wrote an article about the paidContent brouhaha on What They Play, a gaming site he co-founded. Davidson also couldn't get a straight answer as to what is going on in EGM/1UP land, but in an update he stated "Sources have indicated that details will be forthcoming as to the validity of the story by tomorrow morning."
Thoughts?