Area Satirical Publication The Onion Sold To Univision (Seriously)
Source: NPR
Univision Communications Inc., the parent company to the nation's leading Spanish-language broadcast channel, has acquired a controlling stake in the satirical news site The Onion, NPR has learned.
The agreement between two seemingly disparate media outfits was described to NPR by a person with direct involvement in the negotiations. A second person who was briefed on the deal by Univision executives also confirmed its broad strokes. The amount of money involved in the deal was not disclosed. NPR has also obtained a memo from the CEO of The Onion announcing the deal to staffers.
This account is in many ways reliant upon the information provided by those two people. NPR sought comment Monday from corporate officials and spokespersons for Univision and The Onion about the deal, as well as from Fusion and ABC about elements of this story involving them. None of those messages by voice mail or email were returned.
Univision will acquire a 40 percent, controlling stake in The Onion, which includes the site, its influential sister popular-culture outfit The A.V. Club, the social media satire site Clickhole, and various book and video projects. Univision also will have the right to buy the humor company outright.
Read more: http://www.npr.org/sections/thetwo-way/2016/01/19/463535648/area-satiric-publication-the-onion-sold-to-univision-seriously
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