The Onion Is Reportedly for sale

now not a joke: Bloomberg studies that satirical newspaper The Onion is gearing up for a that you can think of sale, and, in keeping with sources, has employed investment bank GCA Savvian for monetary steering. “the united states’s finest news source” has undergone a slate of modifications in up to date years. remaining November, the paper ended its 25-12 months print run. The 12 months earlier than that, it moved its workplaces to Chicago from new york, reportedly to cut costs. as a way to maintain up with the online’s metabolism, The Onion launched ClickHole this earlier June, a parody site that laces the web’s take- and listicle-pushed economic system with The Onion‘s satirical venom. “These clickbait sites have the distinctive issues they do, they usually do this stuff quite well,” Onion managing editor Ben Berkley instructed fast company at the time. “then again … maybe they may be the worst factor that ever happened to humanity.” The Onion Inc. is owned by fund supervisor David Schafer, who bought the company in 2003. Bloomberg speculates that the e-newsletter “can use its model to capitalize on money flowing into net media from traditional outlets.” So: any individual have any ideas for who should purchase The Onion?