ziff davis
News
Electronic Gaming Monthly To Return
10:40AM Michael McWhertor | EGM is dead. Long live EGM! The struggling game magazine that shut down in January after nearly twenty years in print is returning later this year, courtesy of Electronic Gaming Monthly founder Steve Harris. More »
News
And On The Third Day, FileFront Was Risen
3:30PM Luke Plunkett | OK, it’s been a bit longer than three days. But with Easter around the corner, it’s somewhat apt, because just as everyone was done saying goodybe to FileFront, it’s now back from the dead. More »
News
Say Goodbye To FileFront
7:20AM Mike Fahey | A popular online destination for the latest computer game demos, patches, and mods, FileFront has announced that come March 30th it will be no more. More »
Mass Firings At 1UP After Sale
11:30AM Luke Plunkett | Oh boy. Looks like the sale of 1UP to Hearst hasn’t gone as smoothly as you’d expect. Rather than simply move house, it seems most of the site’s most experienced/popular writers have instead been let go. More »
1UP Sold To Hearst Corporation, EGM To Close
8:42AM Luke Plunkett | What began as a rumour last month has now escalated into full-blown fact; Ziff Davis have officially sold the 1UP network to competitors Hearst, owners of UGO.com. More »
Media
Print Version Of EGM May Be On Its Way Out
7:40AM Michael McWhertor | Ziff Davis may shutter Electronic Gaming Monthly, according to Jason Young, CEO of the ailing publisher. The company announced earlier this week it was shutting down the print version of PC Magazine, a publication that has been in existence for 27 years, shifting focus to its online sibling. And it may do the same for EGM. More »
Ziff Davis Tech Show Called Off
8:30PM Luke Plunkett | For a few years now, media company Ziff Davis – who among other things run the 1UP network – have run their own tech show, called DigitalLife, which while focusing on all kinds of consumer electronics also had a strong gaming slant. And yeah, it was no CES or E3, but it was in New York, making it a lot more accessible to east coast types. This year, however, the show’s been called off. Organiser Paul O’Reilly says: The poor economic conditions have created a very different and difficult dynamic for us this year, and we weren’t confident that we could present a show experience that was consistent with the successes of prior years. He goes on to say they’re optimistic the show can return in 2009, but we’re not doing anything drastic like holding our breath. Bad economy kills this year’s DigitalLife Expo [Cnet] More »Court Confirms Ziff Davis’ Bankruptcy Plan
3:00AM Brian Crecente | A U.S. Bankruptcy Court has OKed 1Up and EGM owner Ziff Davis’ bankruptcy reorganisation plans, the company said today, adding that it expects to emerge from Chapter 11 on July 1. “The Court’s confirmation of our Plan is a major milestone for Ziff Davis as we look to emerge from Chapter 11 restructuring,” said Jason Young, Chief Executive Officer of Ziff Davis Media. “We are very proud of the progress we have made during our short time in Chapter 11 to become a healthier company. We remain grateful for the unwavering support of our customers, vendors and employees throughout this process and we look forward to continuing our work with all of our stakeholders after our emergence. After concluding our restructuring, we will be better positioned, with the financial strength to grow and capitalise on our strengths.” The plan, in a nutshell, splits the $AU 452.82 million in debt between new stock and a $AU 60.84 million debt. I’m happy to see that both 1Up and EGM survived the turmoil. Let’s hope that they both recover as stronger entities than when ZD first filed. More »
Ziff Davis Wraps Up Restructuring, Cuts Debt
2:00AM Brian Crecente | Back in March 1Up promised that all of that nasty business with parent company Ziff Davis’ bankruptcy would soon be behind them and that they would be a stronger publication for it. Today, speaking at the 11th Annual Electronic Gaming Summit, Ziff Davis Media CEO Jason Young told the gathered summit members that the restructuring process will be wrapped up in June. More importantly, he noted that their $US 400 million debt will be reduced to a paltry $US 57 million, leaving them with the cash flow to invest back in their products, which includes 1Up, EGM and GameVideos. Sounds like Simon Cox, , Vice President of Content for the 1UP network, hit the nail on the head when he said they would be bigger, better, faster, stronger when they came out of the restructuring. Stay tuned later today for reports on talks given to this small group by Microsoft’s Jeff Bell;, analyst Michael Pachter; Tanya Giles, of MTV; and the always energetic Peter Moore. More »
