EGM: Electronic Gaming Monthly Magazine No More?

Word appears to be flooding in everywhere namely 1up itself that 1up.com has been sold to UGO Entertainment.

UGO Entertainment is owned by the Hearst cooperation who owns several large newspapers as well as the magazine Cosmopolitan and portions of ESPN.

However, 1up.com's magazine counterpart Electronic Gaming Monthly may have printed its last issue.

According to Kotaku and GameSetWatch.com, the monthly gaming magazine will no longer be published and January's edition may well be its last.

No official word on the fate of the longtime industry magazine until tomorrow.