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New York Post: Ziff-Davis skips interest payment

I don't like the fact people want other people to "lose their jobs" because they do not like them. If an employee of a company did something wrong, as in broke corporate policy or the law, then wanting them fired has more merit. But just because they don't review a game the way you like it, or something to the effect of they had a valid opinion, and you don't like it, so you want them fired is simply ridiculous.

All I know is that besides the 1Up show and 1Up Yours, I do not care for anything else from Ziff Davis, period. Their website never functions properly (maybe they should ditch Lithium, I'm sure they're operating at a huge loss contracting with them) for me, and like IGN, there's just too much crap on the front page that's made so small and crammed into tight boxes. I do not enjoy reading print except for when I absolutely need to kill time, in which I just buy any game related mag for a one-time deal. There's no need to subscribe to gaming magazines, because the info is on the internet within an hour of the it hitting somebody's mailbox, sometimes even before that.

I mean, even with an exclusive or elaborate feature, again, it will be on Kotaku, Wired, Destructiod, ******* or N'gai's blog pretty quickly, and then those guys will go further and dig up more info as well.

Anyway, I hope someway is figured out for the staff at Ziff to continue on with the gaming division stuff, even if it means they go to another company.
 
Zeed said:
Case in point.
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You show no compelling reason for you to keep your account on this forum other than to bait people into making inflamtory posts about 1 opinion that is in the extreme minority because you really are treading on rocky ground with your string of comments.

As for Ziff Davis and the guys/gals at 1UP, I hope for the best and pray that guys can keep on truckin'.
 
Zeed said:
I'm not sure why you think it's impossible to be sorry for people who are losing their jobs and yet pleased that a bad company is going out of business. This thread is about Ziff Davis going into bankruptcy. If we were in a thread saluting its employees for their work, or mourning the loss of their jobs, then it would be inappropriate to say "it's about time".


It's very simple - they are connected, but they are not one and the same. Do you understand the distinction now?


Really, if you're not mature enough to talk to people you disagree with without insulting them with every breath, then there really is no point to this. If anything I've said remains unclear, try refraining from personal insults in your next post, otherwise I'll take it as an indication that you just want to use me as an object of your tantrum and that I should ignore your rants.
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You're digging yourself in deeper and deeper. You need to shut your mouth.
 
Zeed said:
I don't like the company does business, and I don't feel it merits success. The breaking of the VP2 embargo and intentionally spoiling the game just so that they could make a point to Square was the last straw for me, and I haven't been back there since.
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It was behind spoiler tags, wasn't it? So what's the problem?
 
PepsimanVsJoe said:
I'm not even sure how the Wal-mart comparison is apt. Wal-mart has thousands of locations all over the country. Multiply that by the average number of people working there per store(not just the cashiers, you have the guys in the automotive section, the eye-doctors, etc). If Wal-mart were to go under you'd have dare I say millions of people out of a job.

I may hate everything about Wal-mart but there is no way you can spin a fuckton of people losing their jobs as a good thing. I mean hell even the people who don't work at Wal-mart are going to be affected because the fact that the people who formerly worked at Wal-mart are going to be out and about not making any money(thus not spending any) is going to put a massive hole in the economy.
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*high five*

I don't like Walmart - so I don't shop there. I don't go wishing for the corporation to go under or for all those people to lose their jobs. I just shop at Target. It's as easy as that.
 
The magazine business is getting less and less readers, also the newspaper business is going rapidly down. Only Womenmag's seems to grow in numbers.


put some ads in 1up yours and 1upshow...
Make EGM free and put more ads in...like the Metro newspaper.
 
thirtytwoutside said:
From my understanding, with print mags, it isn't the subscriptions that make the money. It's the circulation numbers that sell ads that make the money.
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You're exactly right. Subscriptions (even the ones that aren't free) are a money-losing endeavor. The whole reason to have cheap subscriptions is so you can have a higher guaranteed readerbase, which means you can charge more for advertising, which is where the real money is made in print (you'll notice the approximately 60/40 ad/edit ratio in most magazines).

Anyone who's been paying attention knows that EGM has been getting thinner over the last few years (they don't bulk up the way they used to in the second half of the year), so it seems obvious to me that times aren't as good as they used to be from a financial perspective on the print side.

That's not any sort of commentary on how good/bad EGM is, because I can only assume it's the same way for all the game mags (with the exception of Game Informer, who have the whole retail deal working for them), just that it seems to me the print side of the game media business in general has been and will be in a tough spot for some time.
 
I don't really see why everybody is jumping on Zeed. His reasons for disliking the company may or may not be silly, but there's nothing inherently wrong with wishing for the end of a company and it doesn't necessarily mean you're happy people will be unemployed.
 
Branduil said:
I don't really see why everybody is jumping on Zeed. His reasons for disliking the company may or may not be silly, but there's nothing inherently wrong with wishing for the end of a company and it doesn't necessarily mean you're happy people will be unemployed.
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Please tell me how this works in your head. It's like wishing the oceans dry up and saying that you're not happy the fish are all dead.
 
Thomper said:
Really? See, I also live in Holland and we just got a brand new multiplatform gaming-magazine which already seems to be doing pretty good, with the existing magazine also slowly increasing its numbers.

Print isn't dead and won't die. There will always be people who prefer reading paper over looking at a screen. I know I do. Sure, the internet is great for faster news and reviews, but as someone else said in this topic: a magazine like EDGE (can't buy EGM over here, so wouldn't know) offers so many things that are rare to find on the web, and they're also great to read on the move. Not everybody has a laptop with WiFi.
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It isn't something that happens overnight. It takes more that a few years for it to go. But the entire industry in news papers, magazines and more is feeling it. If you compare the money that was made in print 10 years a go and compare it to figures of today you will see slow but structural decrease of money being spent on print.

The same is happening with TV now, advertising investment in TV has stopped growing. That has never happened and when you look at online its been increasing and increasing with some hiccups (the online bubble). Print will never be gone but i think over 25 years no major advertiser will spent any money on print anymore.
 
DSN2K said:
so what does this mean for 1up etc... ????
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It means we're not actually bankrupt and business is as usual, and the Post is sensationalizing financial info about Ziff for lack of a better story.
 
Milkman said:
For what it's worth (and the only reason I'm chiming in is because I'm from NY, so I feel strongly about the Post), the NY Post -- for those who don't actually read the newspaper on a regular basis -- is sensationalist trash. While their tidbit of info may not be incorrect (I don't know, I'm not in the accounting office), the newspaper is truly schlock, and Ziff has been in a restructuring program for ages now. The general state of what they've reported is not much different than how things have been for years now, kind of like saying 'You've got games on your shelf! News!'
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OK, I'll bite. I am still in the City (always nice to see a fellow New Yorker on the boards), and I generally agree with you about the Post. But I think I should pre-emptively defend myself posting this news story from that source by saying that for all their conservative sensationalism, that does not necessarily make them incorrect when they actually report news (and for the record, I groaned while typing that, but it doesn't make the statement any less true). I saw the story from the Post first because someone was reading the story on the subway and I subsequently found the story online from them before I saw it elsewhere.

And for all the comments in this thread about a scenario where ZD goes bankrupt, the Post never said that in the first place, unless I really did misread the article.

Before the source of the story begins to lessen its veracity, let us note the others running the "not much different from how things have been for years now" story:

Forbes is running the story as well. http://www.forbes.com/special_contr...f-davis-debt-tech-cx_pco_0815paidcontent.html
From Crain's: http://www.newyorkbusiness.com/apps/pbcs.dll/article?AID=/20070815/FREE/70815009/1064
ZD's press release on Business Wire: http://home.businesswire.com/portal...d=news_view&newsId=20070815005627&newsLang=en
And Wired's Epicenter blog says the company ain't "paying its bills." http://blog.wired.com/business/2007/08/ziff-davis-medi.html

Let us carry on.
 
krypt0nian said:
Please tell me how this works in your head. It's like wishing the oceans dry up and saying that you're not happy the fish are all dead.
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If someone commits a crime, and they are put in jail, are you not happy that the justice system has done its job? Does that mean you're happy the person's life is ruined? Not that a crime is really comparable to the perceived sins of a gaming media company, but it was just an analogy to show how it is possible to be happy with the results of something while not being happy about the collateral damage.
 
They should take a lesson from Play magazine. Nobody likes to read negative reviews anymore, only positive reviews.

Start scoring every game higher for now on.
 
I know Ziffer's are reading this

This is some bad news

I really hope you get bought by a more stable company.

I have gotten so much entertainment out of 1up.com and the podcasts. If I had a more permanent home address I would subscribe to the magazines. Maybe a paid online magazine style service with issues available online pdf? I dunno.

I am hoping all goes well in the future.
 
PepsimanVsJoe said:
I'm not even sure how the Wal-mart comparison is apt. Wal-mart has thousands of locations all over the country. Multiply that by the average number of people working there per store(not just the cashiers, you have the guys in the automotive section, the eye-doctors, etc). If Wal-mart were to go under you'd have dare I say millions of people out of a job.

I may hate everything about Wal-mart but there is no way you can spin a fuckton of people losing their jobs as a good thing. I mean hell even the people who don't work at Wal-mart are going to be affected because the fact that the people who formerly worked at Wal-mart are going to be out and about not making any money(thus not spending any) is going to put a massive hole in the economy.
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What, you mean like the millions of jobs that were destroyed by Walmart?
 
DSN2K said:
so what does this mean for 1up etc... ????
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I don't know how 1up/gamevideo's is doing but it wont go because of the medium it will go because of the content and it not targeting the right demographic. That, i think not being the case with 1up. I only think they need to change there appearance and make there websites more accessible.
 
One thing that would probably be a good idea would be to strike a deal with Microsoft Sony and Nintendo to offer the mag online, unless they wouldn't want you to (or in this case Sony probably would say no to EGM for 'various reasons')
 
Milkman said:
For what it's worth (and the only reason I'm chiming in is because I'm from NY, so I feel strongly about the Post), the NY Post -- for those who don't actually read the newspaper on a regular basis -- is sensationalist trash. While their tidbit of info may not be incorrect (I don't know, I'm not in the accounting office), the newspaper is truly schlock, and Ziff has been in a restructuring program for ages now. The general state of what they've reported is not much different than how things have been for years now, kind of like saying 'You've got games on your shelf! News!'
Click to expand...

4z0nhn4.jpg


Now that is what I call a great newspaper!
 
El_TigroX said:
Print isn't dead and it isn't dying, it's evolving - companies like Ziff are evolving - it's just a painful ass process.
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Then how come gaming magazine sales are decreasing on a yearly basis?

The most obvious thing is the podcasts and additional video content they are putting out.
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uh...that's not print.

The only reason I read EGM is because I get it for free on my computer. Magazines are not dead but gaming ones are. They're going the way of demo discs. they don't offer anything except for the occasional exclusive (which Gameinformer gets because of its marketing position), and if they weren't there those exclusives would go to sites instead.
 
Firewire said:
Why what did I do? cause I said bye bye with a smiley face?

I don't get it?
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EGM's been a very important part of the gaming industry and many of us here like and respect the staff that works for the company. I've been looking through and reading EGM since I was in first grade.

People losing jobs is rarely something to smile about.
 
Forgotten Ancient said:
EGM's been a very important part of the gaming industry and many of us here like and respect the staff that works for the company. I've been looking through and reading EGM since I was in first grade.

People losing jobs is rarely something to smile about.
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Dude, you being a fan of EGM is great. Good to know they have a loyal following, but don't over react. Nobody said anything about layoffs, the guy said the company is in fine condition for day to day operations. And even if God forbid, there are layoffs, those people will be fine.
They have a quality about them that will ensure future employment, people that are good at there jobs like these guys won't have to worry hopefully.
 
PS3 fanboys have seriously hit a new low in this thread. Go watch your Heavenly Sword cartoons and STFU.

Anyway, Ziff is invincible. It seems like we have a Ziff is doomed thread at least once a year.
 
Firewire said:
Dude, you being a fan of EGM is great. Good to know they have a loyal following, but don't over react. Nobody said anything about layoffs, the guy said the company is in fine condition for day to day operations. And even if God forbid, there are layoffs, those people will be fine.
They have a quality about them that will ensure future employment, people that are good at there jobs like these guys won't have to worry hopefully.
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"Electronic Gaming Monthly. Bye bye. :D "

You did :p
 
For what it's worth, I've been passing around a collection plate here today. So far I have $2.17, a Twix wrapper, and three 12-sided dice. So, please, people, calm down! We have it under control.
 
JeffGreen said:
For what it's worth, I've been passing around a collection plate here today. So far I have $2.17, a Twix wrapper, and three 12-sided dice. So, please, people, calm down! We have it under control.
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:lol :lol genius jeff!. Maybe you could put the new legendary thread on that collection plate too :D
 
JeffGreen said:
For what it's worth, I've been passing around a collection plate here today. So far I have $2.17, a Twix wrapper, and three 12-sided dice. So, please, people, calm down! We have it under control.
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*whew* glad that's over with. skip sez burgers for everyone!


Ajax said:
Good riddance. Don't worry about the employees they'll probably find a job at Microsoft.
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...
 
JeffGreen said:
For what it's worth, I've been passing around a collection plate here today. So far I have $2.17, a Twix wrapper, and three 12-sided dice. So, please, people, calm down! We have it under control.
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Awesome:lol
 
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