• By Brian Crecente
    Jan 18, 2007 11:57 AM 364
    more about

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    read more: #ziffdavis, #1up, #egm, #industry, #online, #print

    Ziff Davis Undervalued, Unwanted

    The New York Post has a short item about Ziff-Davis' fall from grace in the publishing world.

    ZD, owner of the likes of 1Up and EGM, was once purchased for $2 billion, but now the company, which is being split into the gaming group and the enterprise division, might not clear the $780 million mark it was purchased for in 1999.

    The Post's Keith Kelly reaffirms what I pointed out last week, that the company is insisting that the gaming group include both print and online publications, but goes on to flout my opinion that MTV isn't going to go for the company.

    Bidders still looking at parts of the company include Apprise Media and Viacom's MTV publishing unit. Quadrangle is said to have dropped out.

    Bids for the company are due at the end of the week. Brian Crecente

    See you in Boca [NY Post]


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