Ziff Davis $390 Million In Debt

I am not a fan of Ziff Davis’ publications per se, but it’s difficult to laugh at any company that has accrued close to half a billion dollars worth of debt. While they used to publish a fair amount of paper magazines, they are now down to three: EGM, PC Magazine and Games for Windows. These along with the numerous websites they have scattered about, including ExtremeTech and 1UP. As you would expect, they are looking at options to help settle the debt, and assure us that they are still in “very good shape”.

There is art here, despite what many would say isn’t possible with games, from Roger Ebert to game designers like Hideo Kojima. But it’s in BioShock–it’s in the gorgeously realized, watery halls of Rapture. It’s in a Little Sister’s expression of thanks when you choose to save her, or the utter silence if you harvest instead. It’s in the way the characters develop, in the testimonials of the recording boxes you pick up along the way.

Source: Joystiq