The Onion might be up for sale. Or, in Onion language, Media Company Hopes Someone Buys Sinking Ship. According to The Chicago Tribune, Onion Inc., publisher of The Onion, AV Club and Clickhole, have hired the investment bank GCA Savvian to explore a possible sale.
The Onion has been making changes for the past few years. In 2012, it moved all editorial operations out of New York and consolidated them in its Chicago headquarters. Then just last year, The Onion ceased all print editions and went digital only. “It’s sad to see a print edition no longer exist, but it’s important to see the Onion succeed,” Mike McAvoy, president of Onion Inc., said at the time.
Here’s hoping that if The Onion is sold, it keeps its spirit intact.