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It turns out the rumors were true. IGN Entertainment, parent company of websites like IGN, Gamespy, AskMen.com, and File Planet, has been sold off to Ziff Davis. J2 Global, which owns Ziff Davis, made the acquisition from Rupert Murdoch's News Corp. Ziff Davis, the publisher of sites like PC Magazine and ExtremeTech, will be bringing gaming website 1UP back into to fold after it sold the site to Hearst in 2009 (the site was later sold to IGN).
IGN used to be my go to site for game reviews, I know a lot of people here preferred GameSpot, but I found their reviews to be too nit picky. Now, I don't like to read game reviews, I like seeing video reviews and I go to GameTrailers for that.