G/O Media Sells The Onion

Thursday, April 25, 2024

The Onion has sold to a new Chicago-based firm called Global Tetrahedron, G/O Media CEO Jim Spanfeller announced Thursday, TheWrap has learned.

Posted by LampLighter at 11:30 PM | 6 COMMENTS | permalink | Comment on This Entry |

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... The company, which fittingly shares a name with a fictional firm in The Onion's humor book "Our Dumb Century," is "made of four digital media veterans with a profound love for The Onion and comedy-based content," Spanfeller said in a memo to staff announcing the news.

Onion staffers are expected to be kept on under its new ownership. TheWrap obtained Spanfeller's memo in full below: ...

#1 | Posted by LampLighter at 2024-04-25 06:15 PM | Reply

There will be several layers to peal back to find what is going on.

#2 | Posted by mattm at 2024-04-25 06:31 PM | Reply

I got out of the habit of reading it during the Trump years, reality was way more outrageous than whatever they could come up with.

#3 | Posted by mattm at 2024-04-25 06:32 PM | Reply

That's not funny.

#4 | Posted by LegallyYourDead at 2024-04-25 07:17 PM | Reply | Newsworthy 1

Another view...

The Onion is sold to new firm known as Global Tetrahedron
www.axios.com

... The Onion's owner said on Thursday that the satirical news site has been sold to a new Chicago-based firm created by four digital media veterans who are fans of the publication.

Why it matters: G/O Media, which owned The Onion, has been unraveling its portfolio of digital media sites amid pressures of the digital ad market.

Zoom in: In a staff memo, G/O CEO Jim Spanfeller said the new owners, a firm known as Global Tetrahedron, have "a profound love for The Onion and comedy based content." He said the entire staff will stay on, and the company will remain in Chicago. ...

#5 | Posted by LampLighter at 2024-04-25 10:02 PM | Reply

To be honest, when I first saw this story, I thought it was an Onion parody, based upon the name of the receiving company.

Further words are absent for me.

#6 | Posted by LampLighter at 2024-04-26 01:26 AM | Reply