G/O Media Sells The Onion to Chicago-Based Firm Global Tetrahedron [Yahoo! Finance]
New York Times Company (The) (NYT)
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Source: Yahoo! Finance
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. “As I mentioned to you last month, we have been undergoing an extensive review of our portfolio with the intention of coring down to our leading sites in terms of audience and revenues,” Spanfeller said in his Thursday memo. “Today we announced great traffic gains for Quartz but also, as part of efforts to sharpen our focus, we are announcing that G/O Media has sold The Onion to a new Chicago-based firm called Global Tetrahedron. This company is made up of four digital media veterans with a profound love for The Onion and comedy-based content. The site's new owners have agreed to keep The Onion's enti
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