Univision looking to sell The Onion after 18 months of ownership

In January 2016, Univision purchased the Gizmodo and Onion properties, which included sites such as Gizmodo, Jezebel, Deadspin, Lifehacker, Splinter, The Root, Kotaku, Earther Jalopnik The Onion, AV Club, ClickHole, and The Takeout. It looks like Univision is already looking to unload those assets. Univision stated, "The Company determined that pursuing a sale of GMG and The Onion collectively will allow UCI to focus on its core assets and further strengthen UCI’s position as the No. 1 media company serving U.S. Hispanics, while enabling both GMG and The Onion even greater opportunities to grow under new ownership." The company went on to further state "There is no assurance that the process to explore the sale of these assets will result in any transaction or the adoption of any other strategic alternative." Univision currently owns 16 broadcast, cable and digital networks which includes 61 television stations, including Fusion.