After multiple reports last week indicating that Univision will be selling its digital divisions, the company today announced it has “initiated a formal process to explore the sale of the assets comprising the Gizmodo Media Group (GMG) and The Onion.”
The GMG digital portfolio includes Gizmodo, Jezebel, Deadspin, Lifehacker, Kotaku, Earther and Jalopnik – Gawker Media sites it acquired for $135 million in 2016 – as well The Root, purchased in 2015, and Splinter (the rebranded website which was previously Fusion.net).
Univision paid $27.1 million for its 40.5% controlling stake in satirical website The Onion earlier that year. That portfolio includes The Onion, Clickhole, The A.V. Club and The Takeout.
In a brief statement, Univision says the sale of GMG and The Onion will allow the company to focus on its core assets.