Gaming Magazines Views
Future Publishing exemplifies the old media's decline in the games sector. In 2003 the group saw multi-million GBP profits and strong growth,[10] but by early 2006 were issuing profit warnings[11] and closing unprofitable magazines (none related to gaming).[12] Then, in late November 2006, the publisher reported both a pre-tax loss of £49 million ($96 million USD) and the sale - in order to reduce its level of bank debt - of Italian subsidiary Future Media Italy.[13]
EGM, like most magazines that started after the first NES boom, was the result of more than a few false starts. The first was Top Score, a newsletter published by arcade owner and enthusiast Steve Harris starting in 1986. After co-producing a national video game championship the following year, Harris upgraded Top Score to a full-fledged color magazine called Electronic Game Player, which was perhaps just a little ahead of its time -- the NES hadn't hit it really big yet in 1987, and as a result, Harris failed to find any national distributor interested in the mag and was forced to shut it down after four issues. It wasn't until a small-time distributor named Harvey Wasserman floated Harris $70,000 to restart EGP, renaming it Electronic Gaming Monthly in the process.
Gaming Magazines Images
