The Onion has actually offered to a brand-new Chicago-based company called Global Tetrahedron, G/O Media CEO Jim Spanfeller revealed Thursday, TheWrap has actually discovered.
The business, which fittingly shares a name with an imaginary company in The Onion’s humor book “Our Dumb Century,” is “made from 4 digital media veterans with an extensive love for The Onion and comedy-based material,” Spanfeller stated in a memo to personnel revealing the news.
Onion staffers are anticipated to be kept under its brand-new ownership. TheWrap got Spanfeller’s memo completely listed below:
“As I pointed out to you last month, we have actually been going through a substantial evaluation of our portfolio with the objective of coring down to our leading websites in regards to audience and profits,” Spanfeller composed in his Thursday memo. “Today we revealed terrific traffic gains for Quartz, however likewise, as part of efforts to hone our focus, we are revealing that G/O Media has actually offered The Onion to a brand-new Chicago-based company called Global Tetrahedron. This business is comprised of 4 digital media veterans with an extensive love for The Onion and comedy-based material. The website’s brand-new owners have actually consented to keep The Onion’s whole personnel undamaged and in Chicago, something we firmly insisted become part of the offer.”
His message continued: “The Onion, for over 35 years, has actually been a vital part of our nation’s cultural material with its distinct brand name of satire and funny that continues to be simply as crucial and appropriate today than at any time throughout its storied history. I wish to personally thank The Onion group for their effort and commitment throughout their time at G/O Media. They are a gifted group of individuals, who I believe will continue to thrive with their brand-new owners.”
The New York Times’ Katie Robertson broke the news.
More here– this is the e-mail Jim Spanfeller, CEO of G/O Media, sent today. And yes I’m informed Global Tetrahedron remains in truth a genuine business pic.twitter.com/AeqYY96yW7
— Katie Robertson (@katie_robertson) April 25, 2024
The news came simply months after The Onion union validated a brand-new agreement with G/O Media, a three-year arrangement that consisted of raises to minimum beginning incomes, increased adult leave and brand-new AI policies. That contract itself came simply days after the Writers Guild of America East voted to license an Onion staffer strike if a brand-new offer could not be reached before the Jan. 31 expiration of their old agreement, though a tentative offer was reached hours later on.
“We’re delighted about this offer that resolves our system’s leading issues,” The Onion Union, a 36-member bargaining group representing the editorial personnel of The Onion, A.V. Club, Deadspin and The Takeout, stated in a declaration following the agreement’s ratification. “We’re so grateful to everyone who revealed assistance throughout our bargaining procedure. Our system’s strength and uniformity, together with our extraordinary labor allies, got us here.”
Quickly after, G/O Media started selling other editorial residential or commercial properties in March, with The A.V. Club and The Takeout offering to Paste Media and Static Media, respectively.