erek
[H]F Junkie
- Joined
- Dec 19, 2005
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"Game Informer was purchased by GameStop along with its previous owner, gaming retail competitor FuncoLand, in 2000. This essentially gave the publication its own one-magazine newsstand across thousands of stores, with GameStop customers getting a yearly subscription as one of the perks for signing up for the store’s rewards program. In the days before online gaming blogs and YouTube channels were ubiquitous, thumbing through the pages of Game Informer was the main way many players experienced the world of games beyond whatever few they and their friends owned.
In recent years, however, as GameStop has spiraled following the collapse of physical game sales, the massive corporation became an albatross around Game Informer’s neck, weighing it down with clueless middle-managers and contradictory and ever-shifting directives. Despite its meme stock explosion, which has netted it billions in the bank, GameStop has continued cutting jobs across its business, including nearly annual rounds of layoffs at Game Informer.
Longtime editor-in-chief Andy McNamara left to join Electronic Arts in 2020, with departures of other senior staff following amid the ongoing crunch. After dropping physical issues of Game Informer from its rewards program, GameStop finally let the publication start selling directly to subscribers again a couple of months ago. It seemed like a new, more independent beginning of sorts, or at least a prelude to the decades-old legacy outlet finally getting spun-off or sold.
Game Informer’s closure comes as GameStop CEO Ryan Cohen continues shit-posting about the 2024 election. In an email to staff last year, the executive called for “extreme frugality” and criticized “money wasters” who didn’t contribute to the company or its success. He’s currently being sued by the former company behind Bed, Bath, and Beyond for $47 million in insider trading profits.
Update 8/2/2024 12:08 p.m. ET: Added reactions from some current staff."
Source: https://kotaku.com/game-informer-gamestop-meme-stock-gme-last-issue-1851611973