While the transaction was not announced at the time, Univision revealed in a finding that it spent $28.7 million in September 2018 to purchase the stake in The Onion that it did not already own. A source speculated that the buy was made to be able to sell The Onion as a whole entity.
Lazy and stupid is no way for a satire site to go through life.

“Onion sheds thin-skinned profits, investors in tears”
I actually thought the Onion was run out of some joker’s basement.
Off topic Kate….Butts has resigned!!
The humourless fake news industry is a pretty crowded space.
Gerald Butts has resigned , wow!
WOW! Rejoice all.
Butts was a dangerous &!%$#!%$!%.
Most dangerous man in Canada .
Onion humorless? Some of the things they have done were brilliant. This for example fully explains UnMe (NSFW, seriously NSFW): https://www.youtube.com/watch?v=Btw1eh4mitQ
I can’t imagine the scrambling at our so called media outlets
The fact that The Onion #triggers the Trumptards so hard makes it even funnier to me.
The fact that people use “Trumptards” means that they lack the ability to string together a serious thought in a political conversation.
The suffix “tard” is as offensive as a certain n-word.
Oh, and this Trump voter loved the old Onion, before liberals bought it and ruined it entirely.
Are you mad? It feels like you’re mad. Sorry I hurt your feelings, precious snowflake.
“The suffix “tard” is as offensive as a certain n-word.”
Really? I thought it was just a short for “retard” you know like “libtard”.
The Onion used to be funny. We all knew it was satire — which made it more true than true at times. Some pieces were absolutely inspired. I picked up the paper and read it, or went to the website, and did so every day.
Then they were bought out…. Now the Babylon Bee is the best.
Here’s a tip; when you only satarize one side of the political spectrum, be it left or right, your stuff becomes more like a sermon than actual satire. A bit like what happened to Mad magazine.