Ziff Davis quits, EGM closed, 1UP sold

By Mike, Wednesday, 7 January 2009 08:31 GMT

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It emerged last night that industry veteran Ziff Davis Media and Publishing has quit the business altogether, whilst magazine EGM has closed, and website 1UP sold has been to UGO.

“The transaction allows us to pay down debt and shift our full focus to our core PCMag Digital Network business,” Ziff Davis CEO Jason Young said.

“We thank our 1UP team members for their contributions and wish them the best of success into the future.”

Rumours of an UGO buyout broke early December and it has now become a reality as reports are that dozens of staff members have been laid off as a consequence.

EGM had been in circulation for 20 years.

By Mike Bowden

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