Future Publishing is closing the long-running gaming website CVG, one of the oldest running games media publications, following a six month reprieve, MCV reports.
The media conglomerate has shuttered a number of its publications since earlier this year as it sought to make changes across the brand. CVG appeared to be saved from the cull in June, with its writing team spanning the U.K., U.S. and Australia reduced to three.
At the time, Future confirmed its plans to review the publication's future by the end of the year expected to review the publication's future. The company said it econsidered its plans to shutter CVG earlier in the year following industry support after the news first broke and that a number of media brands approached the company to acquire CVG.
Reports that the company was facing closure first surfaced in Spring. Future CEO Zillah Byng-Maddick reportedly emailed staff explaining that the company's current business model wasn't "working hard enough," and that it needed to "change and fast."
Members of Future UK were then put on a "45-day consultation period," while massive changes were expected across several of the company's websites. The company staffed around 900 and includes game publications such as Edge, Gamesmaster, Official Nintendo, Official Xbox and Official PlayStation.
Late last month, Future reported a £30.6 million ($50.4M) loss for the first half of this year. It announced 170 job losses and a deal to sell off some of its titles. Its games operations currently in London are due to be relocated to lower cost headquarters in Bath, England.