Incidentally, I've been talking to two different people who are looking to hire new games reporters -- hard news people -- but just can't find anyone with enough experience/talent. I wouldn't say "games journalism is dead" -- that's pretty dumb -- but there are systemic issues that make it tough for the field to attract and keep talent. One of those systemic issues is that news reporters generally develop a lot of bad habits because they're let loose and they don't have the luxury to work with a top-tier editor like Stephen Totilo or Chris Kohler. (I've had a successful career because I've been lucky enough to work with both.)http://www.neogaf.com/forum/showthread.php?t=1054439
The thread dis-confirming the rumor.
Games journalism isn't dead because of corruption. It's dead because the people in the business are DUMB.
Some sites think of "news" as the bottom of the ladder -- the place where freelancers and low-level editors can just aggregate 10 posts a day with no regard for what's real or what's true. It's a bummer.