That sort of expose of the class of people leading our country to ruin has become a favorite read of mine. It is so needed across the board, and with the highest visibility. One mark down for not naming names beyond (and above) Sam Kennedy. Otherwise, great stuff. And besides, if I really wanted to, I could look them up.
Yeah it is generally pretty entertaining. SA now has a long thread on this and the main comment I have heard about 1up now and again (mainly from previous employees there and contract workers) is that it was impossible to monetize what they were popular for. It was only as popular as it was because of the podcasts and video shows, but they couldn't find a way to capitalize on that. Much of that popularity never spread over to actual articles on the site, and the advertisements there were what the business model was based on. Apparently the guys at the top tried the method of selling ads within the podcasts and videos, but the negative reactions from both the fans and the actual staff on the front lines killed it in that it actually scared off whichever advertisers were willing to go with that, meaning they'd get like one client every few months for that method. Realistically, they should have either just thrown on a big donate button or even switched to a subscription service for their audio/visual content.
1Up as it existed previously most certainly was doomed one way or the other. Ziff Davis is basically dead, dragged down by specializing in exactly the form of print media that is affected most by the internet, and the bottom has basically fallen out on the commercialization of podcasting/videocasting. Adam Curry's Podshow network has basically folded, cutting off stipends from all contract holding show producers and losing their XM contract and if something that blatantly exploitative can't hold it together, something is just wrong with the model in general. Smaller podcasts can hold it together with a store, savvy budgeting, grassroots marketing, and a donate button, but most of those have negligible overhead. 1Up kind of got hit hard from both sides, and I'm sure mismanagement was an issue, but the whole thing was kind of a pipe dream as well.