Andre Yoskowitz
23 Feb 2013 22:11
Ziff Davis, the recent purchaser of IGN, has announced today that they will be shutting down many of the gaming site's properties.
The new owners will shut down 1UP, UGO and GameSpy and IGN will see layoffs, as well.
Ziff Davis CEO wrote a memo for employees, and leaked by Polygon. "We are focusing on our two flagship brands, IGN and AskMen. Unfortunately, as a result, we have made the decision to close sites and restructure our teams accordingly," reads the memo.
Additionally, the company answered why they are closing the sites down: "Why? Given the state of the market and the economy, it simply wasn't feasible to run multiple sites all focused on video game content," reads an IGN post.
Ziff Davis owned 1UP and UGO until 2009 before selling it to IGN. IGN was just bought out by Ziff last month.