The Onion is sold to new firm known as Global Tetrahedron

Axios

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.

The acquirer's name matches the name The Onion has used for a fictional corporation in past articles and its humor book, "Our Dumb Century."

https://www.axios.com/2024/04/25/the-onion-sold-global-tetrahedron