Gaming mag EGM is on its way back to printing and store shelves now that its founder, Steve Harris, has re-acquired its trademarks and publishing rights. According to the press release, Harris entered an agreement with Ziff Davis Media and the former now has plans to re-launch Electronic Gaming Monthly in the second half of 2009. More after the jump.

It's official. Ziff Davis has sold 1UP to UGO Entertainment and has closed EGM. This was confirmed by no less than an official press release from both camps earlier today. The axe has fallen, and it's fallen hard. GameVideos.com and others take the hit as well. Full details right after the jump.

Is the magazine industry already bust? You've probably heard a lot of print media transferring to the e-format due to various reasons (mostly because of the lack of demand and rising printing costs). Earlier this week, the publication firm has revealed their plans to cease print circulation of PC Magazine, and opt for the e-publication approach. It was also noted that they're currently considering Electronic Gaming Monthly to follow suit.

Sometimes, you just feel the need to move on. That's what Dan Hsu of 1UP feels, as he has recently announced his official resignation from the company. The former editor-in-chief of EGM also mentioned a who would take over after he left. More about that after the jump.

Interested in the whole Ziff Davis Media bankruptcy hub-bub that's been going around lately? Then here is 1UP Editor Simon Cox to clear up the entire matter for us, and how we shouldn't really worry about today's more popular videogame magazines. Bankruptcy is a scary word, yes, but for 1UP, it's anything but. Check out the full article for more info.

In a rather shocking development, Ziff Davis Media appeared before the court  today and filed for bankruptcy due to overwhelming debt that could reach up to US$ 1 billion. The company is responsible for entities EGM and 1UP.com among others. Know the full details after the jump!

We just got word that former gaming magazine editor John Davison has just opened up a new gaming website for parents. This particular website reportedly aims to be the "video games guide for parents" and was established due to the alleged proliferation of violent titles.

John Davison is not at all a stranger to the video game industry. He used to be the editor of magazines EGM as well as the Official PlayStation Magazine for U.S. Check the full story by clicking the "read more" link below.

At this year's recently concluded DigitalLife, the yet unreleased Guitar Hero III: Legends of Rock (Xbox 360, PS2, PlayStation 3, PC, and Wii) from Aspyr  Media and Neversoft took home a Best of Show award for the Game Category.

DigitalLife is a consumer electronics event and trade show featuring new and innovative technology annually held by Ziff Davis in New York City. The said event reserves awards in twelve categories including gaming, PC, portable gadgets, toys, and automobile technology, among other things.

Guitar Hero III: Legends of Rock was playable at the Guitar Hero booth at DigitalLife, and it impressed the judges and the PC magazine editors enough to win Best of Show for gaming. Monica Vila, Vice President of Ziff Davis Media comments:

This year's Best of Show winners represent some of the most exciting technology products on the horizon. The quality and quantity of new product announcements at this year's show indicates that DigitalLife continues to evolve from being a great venue to interact with consumers to an industry gathering place, and one of the year's major focal points for technology and lifestyle press.

Buy: [Guitar Hero III: Legends of Rock Bundle (PS3)]
Buy: [Guitar Hero III: Legends of Rock Bundle (Xbox 360)]
Buy: [Guitar Hero III: Legends of Rock Bundle (Wii)]

News direct from GTA4.net, a forum participant claimed that the Official PlayStation Magazine will be featuring a full-blown, exclusive look at the highly-anticipated Grand Theft Auto sequel from Rockstar Games. The next issue of the UK version of the Official PlayStation Magazine should be up for sale on May 2, 2007.

OPM UK's editor Tim Clark has confirmed the claims, stating that the feature is not just a coverage of the Grand Theft Auto IV (for the Xbox 360 and PlayStation 3) trailer released just last week (or real-life versions of it). He claimed that fans of the game can expect brand new and exclusive screenshots and insider info straight from Rockstar.

Since the Official U.S. PlayStation Magazine has been discontinued, U.S. fans could probably just opt for the GameInformer feature of GTA IV also coming this May. GTA4.net has officially announced that it will provide a full coverage of the preview right on their website.

For a good while now, we've been hearing various reports and rumors about the recent sale that Ziff Davis is intending to make. Well, apparently, the whole issue is expected to be finally put to rest "in the next day or two". Normally, this would have been good news.

The element in this whole saga which has been keeping the industry at the edge of their seats is the fact that Ziff Davis owns the widely popular gaming website 1UP.com, and its offline counterpart, Electronic Gaming Monthly. One has to remember that EGM has already been churning out reviews and features since the days of the NES, while 1UP has already established itself as one of the prime resources of gaming-related news on the web, so the prospect of these being sold off by its parent company will most definitely have major implications.

At the moment, many are waiting with bated breath on how the whole deal will affect the staff of both 1UP and EGM (and along with staff comes the content, of course), what sort of changes will the public be looking forward to, and whether these changes will be for the better or otherwise. Many have fears about the outcome of the deal, especially after the Official Playstation Magazine was cancelled just last November.

In the meantime, we'll be keeping an eye out for updates on this matter, so stay tuned.