Around a week ago, we reported that "Nintendo Power" may be facing some form of reorganization or restructuring. It was said that Nintendo of America was sending out layoff feelers to company employees. It was also speculated that the magazine may be shut down. There was another side to the rumor though: "Nintendo Power" may be handed out to another publisher. That side seems to be gaining some ground at the Nintendo Media Summit.

Wired's Chris Kohler saw it fit to report on that rumor. He notes that it's now the hot topic at the said event. The rumor goes that Nintendo is looking to license the rights of the official print magazine to an outside U.S. publisher. This is similar to how the European official Nintendo magazine - it's an independently-run publication produced by Future.

Details are sparse for now, but the current sentiment is basically amusement/puzzlement over the fact that the official US PlayStation magazine works under this model, and Sony decided to end it, whereas Nintendo is looking to jump into something similar to it. Nintendo has yet to give an official comment on the matter. We'll update you as soon as more information is made available.