O.Media: Last News

Todd Spangler NY Digital Editor The Onion has a new owner: a company called “Global Tetrahedron,” which is a real thing based on a fake entity invented by the satire site more than two decades ago. G/O Media, a private-equity backed firm that has owned The Onion since 2019, sold the site to a new Chicago-based firm called Global Tetrahedron, which is “made up of four digital media veterans with a profound love for The Onion and comedy-based content,” G/O Media CEO Jim Spanfeller said in a memo to staff Thursday. Financial terms of the deal weren’t disclosed.

Dade Hayes Finance EditorNearly all of the 20 or so staffers of Deadspin who departed the sports and culture website in 2019 during a remarkable mass exodus have reunited to form a new digital company, Defector Media.Using a subscription format, unlike the advertising-dependent Deadspin, Defector will primarily cover sports but plans to occasionally divert from that based on the inclinations of the editorial team. G/O Media, the private equity-backed firm that took over Deadspin in 2019, inflamed tensions with staffers by insisting that they “stick to sports,” a dictum they decided they could not follow.Launching with a podcast in August and a website in September, Defector will charge $8 a month or $69 a year for basic access.