Although the sale price hasn’t been announced, the figure is believed to be considerably lower than the $650 million News Corp. paid for IGN in 2005. According to PandoDaily, Ziff Davis shelled out even less than the $100 million that had been floated as an asking price. IGN had been on the market for six months.
The deal includes all of IGN’s websites devoted to video games, comic books, film, television and men’s lifestyle, including IGN.com, UGO.com, 1UP.com and AskMen.com. In some respects, it brings the two companies full circle as, before its acquisition by j2, Ziff Davis sold 1Up to UGO Entertainment, which was then acquired from Hearst Corporation by IGN in 2011.
“This is a transformative deal for our digital media business,” j2 Global CEO Hemi Zucker said in a statement. “By combining two of the most storied organizations in tech, gaming and entertainment, we have created a very powerful company capable of producing and delivering content in all forms to an audience that marketers highly value.”
A few different news items related to comic news outlets have come across my desk recently:
- According to the Wall Street Journal’s All Things Digital site, News Corp. is planning to spin off the pop culture/video game site IGN, and in anticipation will acquire another pop culture/video game site, UGO.com — both of which cover comics.
- Publishers Weekly Comic Week, the weekly email newsletter edited by The Beat’s Heidi MacDonald, is switching to a monthly frequency. Per a post from MacDonald and PW’s Calvin Reid: “Although we are changing the frequency of the newsletter, the change will not diminish our overall comics coverage. Publishers Weekly will continue to cover graphic novels and comics in the book industry and traditional comics industry, publishing news and feature stories through the PW website and PW Daily as well as in our new monthly graphic novel newsletter.”
- And finally, via press release, Co-Chief Pop Culture Editor of Wizard World Mike Cotton has announced his last day with the company was April 29. By my count, that leaves Senior Associate Producer Carlos Mejia as the last man standing on the now-digital magazine‘s in-house editorial staff.