The satirical news outlet, The Onion, has been sold once again. This time, it was acquired by G/O Media, who sold it to an anonymous group of investors calling themselves “Global Tetrahedron,” named after a gag on The Onion’s website. The new owners have expressed their love for The Onion and its comedic content and have agreed to keep the entire staff intact in Chicago, where the publication is based.
The acquisition of The Onion by Global Tetrahedron marks another chapter in the outlet’s history of changing ownership. G/O Media purchased The Onion in 2019 and recently sold off The A.V. Club, the non-satirical arts and culture section of The Onion. The Onion’s unionized workers, represented by The Onion Union, which includes creative staff from The Onion, The A.V. Club, Deadspin, and The Takeout, recently reached a tentative agreement with G/O Media after coming close to a strike earlier this year.
The new owners of The Onion, Global Tetrahedron, are a group of four digital media veterans who have a deep appreciation for The Onion’s unique brand of satire and comedy. They have committed to keeping the entire staff of The Onion in Chicago, a condition that was important to G/O Media during the sale. The Onion has been a cultural staple for over 35 years, providing a satirical take on current events and pop culture that has resonated with audiences throughout its history.
In a memo to staff, G/O Media CEO Jim Spanfeller expressed his gratitude to The Onion team for their hard work and dedication during their time at G/O Media. He praised the staff for their talent and expressed confidence that they will continue to thrive under the new ownership. The Onion’s new owners have assured that they will maintain the publication’s unique voice and comedic style, ensuring that it remains a vital part of the cultural landscape for years to come.
The acquisition of The Onion by Global Tetrahedron represents a new chapter in the publication’s history, with a group of dedicated investors committed to preserving its legacy and ensuring its continued success. The Onion’s staff can look forward to a bright future under the ownership of Global Tetrahedron, who have expressed their admiration for the publication and its place in the world of comedy and satire.