I remember when that sale first happened and the owner announced everything would stay the same. He would be running things, his stance on advertising wouldn't change, and so forth.
I'm not sure if anyone actually believed that, but from what I recall the original owner (forget his name) said he was making $80/year and the stress levels were way too high. No one was shocked when he left.
What I'll tell you is that I used to be a huge fan of gamefaqs and I still visit it from time to time, but after gamespot bought them I started using them less and less. I don't know that it was anything specific they did to the site, it may have simply been me changing through life. But I do know I used to frequent the GD&P (Game Design and Programming) boards over there and they're basically a ghost town now.