It turns out the rumors of Hearst Corporation's UGO Entertainment purchasing Ziff Davis' 1Up Network were true. 1Up has recently posted confirmation of a story that was running wild (like Hulkamania) for the last few hours. The official company line is:
No official word was made on the fate of Electronic Gaming Monthly ( EGM), but an internal memo was leaked stating that the January 2009 issue of the long-running magazine would be the last.
I'm thrilled for my friends at 1Up. Hopefully this means job security for them. I'm also sad to see EGM go. I've said it before, but I really can't imagine going to a newsstand and not seeing EGM there.
How do you guys feel about the news? Will you miss EGM as much as I will? Are you worried about the excellent 1Up changing as it goes to a new owner?