Sad Story Of Ziff Davis Coming To An End
For those of you who enjoy the often month-old, yet still highly informative and entertaining, gaming news found in Electronic Gaming Monthly magazine, or even the up-to-date news and media sites 1UP.com and GameVideos.com, then you know that the company that owns all three is in a lot of trouble. When William Ziff's publishing portion of the company sold for $1.4 billion in the middle 1990s, things were looking good. Then, Japanese company Softbank later bought the publishing portion for $2 billion and things peaked, promising an eventful future.
Unfortunately the events were less than desirable, and Softbank sold their involvement for a measly $780 million. Ziff Davis continued to show signs of weakness a few months ago when they announced that their U.S. PlayStation Magazine would be discontinued in January of 2007. No biggy, they moved on at Titanic speeds, Dan Hsu got his aristocratic naked portrait, and the iceberg tore a hole in the company that ensured its death. If there was a 911-style conspiracy video covering all of these events, this would be when the Fight Club background ambient music picks up and starts to get into the depressing lyrics.
Read the full article here...Source: The Last Boss