Computer and Video Games, better known as CVG, faces closure according to a statement released by publisher Future. The publication began a 45-day consultation period on 14 May and executives are looking at a number of possibilities that include shutting down or selling the brand.
“We are currently exploring various options around how to evolve the CVG brand in particular and the market leading Future Games portfolio in general, in order to keep successfully meeting the needs of our consumers.”
CVG began life as a monthly magazine in 1981, becoming one of the first video game magazines. It found an important niche in covering all computers and giving small game developers exposure to a wide market.
It is also responsible for the annual Golden Joystick Awards. The prestigious awards are the second oldest in the world and feature winners voted for by the general public.
However, in 2004 the magazine stopped publication and CVG became an online-only entity due to the shrinking print market. The rise of internet sites like Joystiq and IGN, as well as online forums such as NeoGAF, have led to a steep decline in sales for traditional gaming magazines.
While still popular with readers the site faces stiff competition, especially from Future’s other brands such as Edge, PC Gamer, GamesMaster and Official Xbox Magazine. The publisher likely wants lower its number of dedicated gaming outlets to better consolidate traffic and advertising revenue.
CVG isn’t the only Future publication to face cuts and possible closure. Total Film, Official PlayStation Magazine and GamesMaster are all in line to suffer from changes as the publisher looks to make itself profitable.
Poor financial results and a drop in share price forced Future boss Zillaj Byng-Maddick to act according to an email sent to around 900 employees who risk losing their jobs.