Media Roundup: Forbes Lays Off 19, UGO Buys 1UP, and More

Forbes lays off 19 — In a move that results in the merging of print and Web operations, Forbes magazine has let 19 editorial employees go. The layoffs are the second since November when the company fired 43 from business operations. [Source: All Things Digital]

UGO buys 1UP — Hearst Corporation’s UGO Entertainment division has just completed an acquisition of the 1UP gaming company. As a result, the 1UP network, which includes EGM Magazine, has seen layoffs and show cancellations. [Source: TechCrunch]

Facebook video gets personal — Marketers are trying to adjust to a new form of video consumption on the social networking site Facebook. Instead of posting video for everyone to see, Facebook is seeing a rise in personally crafted videos meant only for a small group to view. If the trend continues, monetizing online video may be much more difficult. [Source: OnlineSpin]

Twitter off to rough 2009 — The micro-blogging service Twitter has seen several security breakdowns in January.  Some celebrity accounts have been hacked, and many users report being victims of phishing scams delivered via private message. [Source: Wall Street Journal]

The end of the NYT? — The Atlantic theorizes that the New York Times could fold up print operations as soon as May. Reasons include the massive debt the company carries compared to the small amount of cash the Old Gray Lady has on hand. [Source: The Atlantic]