The Macclesfield-based outfit recently pulled the plug on PC Extreme magazine, with production on all its titles now due to cease in the next few days.
“We have not yet been appointed as the administrators for Live Publishing but we will be by the end of the week,” BWC Business Solutions’ Mark Thomas told MCV. “The options open to us at the moment are either liquidation or administration. Either way, Live will stop trading by Friday.”
MCV understands that freelance staff have not been paid for a number of months, and the staff of Retro Gamer are said to have been made redundant on Monday.
The news comes after recent ABC figures revealed an overall decline in gaming and computer magazine readership.