Computer and Video Games (CVG), which in 1981 was the world's first magazine dedicated to gaming, is facing closure.

The title, which has been online-only since 2004, may stop publishing at the end of a 45-day consultation period that began on 14 May, sources said.

However, its publishers Future are also believed to be looking into selling off the brand.

The magazine is behind the gaming industry's Golden Joystick Awards, a yearly event held since 1983.