The news comes out of a story by the New York Times, which stated: "Mr. Young said the company was considering taking its other print magazine, the video-game publication Electronic Gaming Monthly, into an online-only format, but would not make a decision before the end of the year."

Electronic Gaming Monthly was founded in 1989. Gaming website 1UP.com already acts as the online home of EGM, with the two entities sharing staff and branding.

Davis noted that while PC Magazine would likely turn a profit in 2008, higher costs combined with fewer advertisements would push the company into the red next year.

Ziff Davis closed the print version of Games for Windows Magazine last April. At the time, Young cited the movement of readership to the online space as the reason for the transfer, rather than the company's March filing of Chapter 11 bankruptcy.