Ziff Davis Media, publishers of EGM, Games for Windows Magazine, and 1UP.com, filed for Chapter 11 bankruptcy protection today, in an effort to get their house in order and pay off some of that $390 million in debt they were sitting on last August.

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According to a new report on video game advertising from the researchers at eMarketer, the burgeoning in-game ads industry in America will grow from $295 million in 2007 to $650 million in 2012.

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The Air Force Research Laboratory is conducting a technology assessment of certain cell processors. The processors in the Sony PlayStation 3 are the only brand on the market that utilizes the specific cell processor characteristics needed for this program at an acceptable cost.

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Paramount tells MCV that the studio would like to increase its presence in video games and even establish a publishing division.

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