The Onion Is Sold Again, New Owners Named After A Gag From The Site Plan To Keep Staff Intact In Chicago
deadline.comThe Onion has been sold, again. G/O Media has the humor brand to four anonymous investors calling themselves “Global Tetrahedron,” name after one of the site’s own gags.
G/O chief Jim Spanfeller confirmed the news to staffers Thursday in a memo. The acquiring company “is made up of four digital media veterans with a profound love for The Onion and comedy based content,” Spanfeller wrote. “The site’s new owners have agreed to keep The Onion’s entire staff intact and in Chicago, something we insisted be part of the deal.” Read his memo in full below.
The satirical media outlet has changed hands several times over the past decade. G/O bought it in 2019 and recently sold off The A.V.
Club, the Onion’s non-satirical arts and culture section that became its own hub in the digital age. Back in January, The Onion’s unionized workers came close to a walkout.
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