Word is the video game editorial landscape is changing and just shortly after the Ziff Davis group acquired IGN and its network of websites, there’s reports of consolidation going on and it’s not good for jobs. An unspecified number of IGN employees were laid off yesterday and an internal memo from Ziff Davis CEO Vivek Shah posted on the internet indicates the “winding down” and eventual closure of entertainment websites GameSpy, 1UP and UGO.
Editor-in-chief of 1UP, Jeremy Parish, confirms that the closure won’t be immediate, with a tweet mentioning “We won’t be killing the site today…” but there are no specific dates or indications of the exact dates when the GameSpy, 1UP and UGO websites will have their doors closed for good.
Ziff Davis’ CEO Vivek Shah cites the goal of focusing on their “two flagship brands: IGN and AskMen” as one of the reasons to close the three other websites above. In addition, the group is also seeking a buyer for IPL, the e-sports network of IGN.
This is definitely huge news in the industry of video game and entertainment reporting with the shakeup at IGN; we will see if this is for the better or worse as time passes. In 2005, News Corp acquired the IGN group of sites (Which included Rotten Tomatoes and GameSpy) for a cool $650 million.
However, News Corp recently sold the IGN group to Ziff Davis for “below News Corp’s $100 million asking price”; a hint that the group was either overvalued at the time of purchase or that its value has dropped tremendously in the 8 years after News Corp’s acquisition.