
After a comprehensive process, this morning we completed a deal with Hearst Interactive, the owner and operator of UGO Entertainment. 1UP.com, MyCheats.com, Gamevideos.com, and Gametab.com will now all be part of the UGO Entertainment business. Many of our employees will travel with this business and become part of the UGO team.As noted in the letter sent to Ziff Davis employees, EGM's last issue is the January 2009 issue. The publication certainly had a great 19 year run.
With this transaction happening, we have also made the decision to discontinue publication of EGM. The January 2009 issue will be the final issue of the publication. With demand for print continuing to decline amongst both advertisers and readers and the content being produced by 1UP no longer available for use in the publication, it simply did not make sense for us to move forward with this business any longer.
We will continue to operate the Filefront business as a part of the PCMag Digital Network. In the coming months we will determine the best ways to leverage the scale and functionality of this digital property to expand our business position.
However, it is now known that many employees have been outright fired during this transition. Upwards of 30 employees of Ziff Davis have been fired, leaving just a very few remaining to make the actual transition to UGO.
Kotaku makes note of some of the more notable ex-employees of Ziff Davis.
According to twitter posts, GAF posts and phone calls to MTV, around 30 staffers were let go today, including Skip Pfister, Ryan O'Donnell, Philip Kollar, Jay Fresh, Cesar Quintero, Nick Suttner, Anthony Gallegos, Matt Chandronait, Shane Bettenhausen and former EIC James Mielke.So much for that statement of "many" employees moving to be part of the UGO team.
Also cut were most of the Gamevideos.com team, as well as production of the 1UP Show.










