One of the world's longest-running PC mags, Computer Games, has been closed down. None of Gamasutra's calls to publisher TheGlobe.com were returned, but a post over at GDAC sheds some light on the subject.

For those of you with short memories, TheGlobe.com, founded in a dorm room by Stephen Paternot, went public in 1998 with a close to $1b market cap despite the fact that it had damn-all revenues—one of the first companies to cash in on the dot boom, and one that helped spur all the idiot investments that followed. For no obvious reason, they bought Computer Games, as well as one-time hot game news site Happypuppy.com, along with online game retailer Chips'n'Bits—all assets that actually did have revenues, and made TheGlobe.com for a time a small competitor to the likes of Ziff and IGN in the game news space, although their ostensible (and always money-losing) main business was online community bullshit.

They say that despite CG boasting a readership of over 200,000, TheGlobe's shitty business practices couldn't turn that into a profit.

Sad if that's true, but still sad regardless. Some mags deserve to die, but quality, long-standing mags like CG at least deserve a better send-off. Luke Plunkett

Report: Computer Games Magazine, Massive Shut Down [Gamasutra]

And Then There Were Two [Games * Design * Art * Culture]

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