Yes, it’s true, gaming magazine EGM will no longer be arriving to your mailbox. If you have recieved your January 2009 issue, consider it your last. Today the owners of EGM, Ziff Davis Media, has sold the rights to the magazine and its affliated websites. So from now on 1Up.com, MyCheats.com, GameVideos.com, and GameTab.com will be owned and operated by UGO Entertainment.
UGO Entertainment is a unit of the Heart Corporation (Hearst.com). Based of UGO Entertainments main website (UGO.com) Ziff Davis has put their websites in good hands. UGO.com attracts 40 million viewers each month, ans that number is sure to go up with the new acquisition. Congratulations on the pick up UGO Entertainment, and sorry to see EGM go.
The official press release can be found here.