If they bought the domains and fired the people it should be easy for someone else to start a new site using the available talent pool to quickly become a relevant name as well.

Me personally, I strongly dislike IGN because (other than all the common reasons) they force me to access a poorly translated version of their content when I'm perfectly capable of reading their originals in English, so even if they have an article I'm interested on, I can't easily access any decent version of it because or my geographic location.