GameSpoon - 1UP has been bought!

This is actually some disappointing news, because it probably - for the most part - means change. It's business, these things happen, but 1UP.com and its subsequent sites (such as GameVideos.com) are important sites to the gaming community. It has officially been announced that UGO/Hearst have acquired 1UP/EGM.

This may sound like the "end of the world," but according to 1UP.com, the outlook is quite positive:

"Since we started UGO 11 years ago, we have served the gamer community and built a world-class online publishing platform," said J Moses, CEO of UGO Entertainment. "The acquisition of 1UP, with its authentic voice, tenured editorial personalities and bustling user community, allows us to expand our base of quality content and represents a major step forward in UGO's mission to become the leader in the games space."

"We are extremely excited to join the UGO team," said Sam Kennedy, editorial director and creator of 1UP. "Relying on UGO's publishing platform will allow us to focus on what we do best -- creating great content and 'owning the conversation' among gamers through our unique, authentic and definitive voice and community."

We can only hope that this change will be for the better in the long run for the online sites, but unfortunately, EGM is over. Sad, a good gaming magazine bites the dust after 20 years of greatness; EGM will be missed.