GameStop killed the 33-year-old gaming magazine as its stock price sank.

GameStop stock has had a rough week, and things took a turn for the worse on Friday as a series of bleak economic reports that suggested the U.S. could be headed for recession sent pains across the broader stock market. And it came on the same day that a video game retailer killed off a popular industry brand.

The long-running video game industry magazine on Friday Game information After 33 years, it announced its immediate closure, shutting down both the publication and its print editions. As a result, all the writers, editors and other staff were fired.

“From the first pixel adventures to today's immersive fantasy realms, we are honored to share this incredible journey with you, our loyal readers,” it read. press release Posted on the magazine's Twitter (aka X) account. “Although our printers may be discontinued, the love of gaming we developed together will continue.”

Wholly owned by GameStop; Game information It outperformed most of its print competitors in part because of a special relationship with a video game retailer that offers the magazine to customers as part of a membership scheme that includes in-store discounts and other perks.

However, some rival video game publications have discontinued their print editions but continue to produce online coverage in one form or another. Game information Shop is closing completely. His website now shows only a placeholder, his cover library is no longer accessible to readers.

Decrypt reached out to GameStop for comment on the shutdown, but did not immediately receive a response.

The move is the historic retailer's latest attempt to evolve with the ever-changing video game industry, which is slowly transitioning from a physical media model to a world of more pure digital software and multiplayer devices. Games, even if they aren't dedicated game consoles or handhelds.

As the game entered the smartphone business and tried to expand its business, GameStop struggled with the transition. Now-closed NFT trade.

One bright spot in recent years has been investor enthusiasm around ‘meme stocks', particularly in 2021 share price gains, particularly in 2021. Roaring Kitty) is back after a three-year hiatus, but GME has struggled to maintain those gains in recent weeks.

GameStop's stock price is now It decreased by 13 percent last week Monday at a closing price above $21.00. That fall included Friday's 3% daily dip with broader market bleeding, which is evident. It was prompted by a rough US jobs report. Some commentators say it points to a coming recession.

Retail stocks rose in mid-July and briefly rose above $28 a share—but pared those recent gains, falling to the lowest level not seen since late May.

Edited by Ryan Ozawa.