If you’re wondering how the writers at The Onion felt about Univision selling the parody paper of record, then just see what they had to say about Univision’s rival, Telemundo, on Monday:
“With its soaring ratings, commitment to putting out only the best product, and clearly defined vision for the future, Telemundo remains unrivaled in the Spanish-language market,” said media analyst Brett Conover, detailing consumer surveys that consistently show Telemundo was the most trusted and popular Spanish broadcaster among every major demographic in America.
And this, from Onion-offshoot Clickhole:
Univision bought a 40 percent stake in The Onion back in January 2016.
Earlier this week, the TV broadcaster completed a sale of The Onion (as well as Gizmodo Media Group) to a private equity firm, Great Hill Partners.
“Today’s announcement is the culmination of a very thorough process, as part of Univision’s broader strategic realignment and return to its core strengths in Hispanic media and marketing,” Univision CEO Vince Sadusky said in a press release. Sadusky took the reins at Univision last year. “Our aim from the outset of this process was to sell these assets as one, and we are pleased to have found a terrific buyer in Great Hill Partners that is committed to growing these properties. We are grateful to our colleagues at GMG and The Onion for all of their high-quality journalism and achievements as part of our company and we wish them and Great Hill Partners tremendous success.”