According to internet reports, media conglomerate Hearst has purchased the 1UP Network from Ziff Davis Media. However, as speculation suggested, the sale does not include Electronic Gaming Monthly, another long-running Ziff property. With Ziff no longer interested in keeping the mag afloat, primarily due to a decline in readership, this means EGM will be forced to close its doors later this month. Said move will end a reign of over ten years in print-based industry coverage.

Considering EGM was one of the more prominent gaming magazines, one wonders how long the rest of similar outlets will manage to stay around. The future of print certainly looks bleak in this industry.

Breaking: Ziff Davis Sells 1UP To UGO/Hearst, Closes EGM [Gamasutra]

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