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The Onion has been offered, once more. G/O Media has the humor logo to 4 nameless buyers calling themselves “World Tetrahedron,” title after some of the website online’s personal gags.
G/O leader Jim Spanfeller showed the scoop to staffers Thursday in a memo.
The obtaining corporate “is made up of 4 virtual media veterans with a profound love for The Onion and comedy primarily based content material,” Spanfeller wrote. “The website online’s new house owners have agreed to stay The Onion’s whole group of workers intact and in Chicago, one thing we insisted be a part of the deal.” Learn his memo in complete underneath.
The satirical media outlet has modified fingers a number of instances during the last decade. G/O purchased it in 2019 and just lately offered off The A.V. Membership, the Onion’s non-satirical arts and tradition segment that changed into its personal hub within the virtual age.
Again in January, The Onion’s unionized staff got here with reference to a walkout. Workers with The Onion Union — which represents the inventive group of workers at The Onion, The A.V. Membership, Deadspin and The Takeout — reached a tentative settlement with G/O Media simply hours earlier than their contract was once set to run out. The Writers Guild of The usa East introduced the brand new collective bargaining settlement, which adopted the guild’s authorization of an unfair exertions observe strike.
In keeping with the guild, the negotiating committee “made essential features in wages and place of work protections.”
This is Spanfeller’s complete memo:
As I discussed to you remaining month now we have been present process an in depth evaluate of our portfolio with the aim of coring right down to our main websites in the case of target audience and revenues. Lately we introduced nice visitors features for Quartz but in addition, as a part of efforts to sharpen our focal point, we’re pronouncing that G/O Media has offered The Onion to a brand new Chicago primarily based company referred to as World Tetrahedron. This corporate is made up of 4 virtual media veterans with a profound love for The Onion and comedy primarily based content material. The website online’s new house owners have agreed to stay The Onion’s whole group of workers intact and in Chicago, one thing we insisted be a part of the deal. The Onion for over 35 years has been an indispensable a part of our nation’s cultural material with its distinctive logo of satire and comedy that is still simply as essential and related these days than at any time all the way through its storied historical past. I wish to in my view thank The Onion staff for his or her onerous paintings and determination all the way through their time at G/O Media. They’re a skilled workforce of other folks, who I don’t have any doubt will proceed to flourish with their new ownersJim Spanfeller | Leader Government Officer, G/O Media
