Univision Considers Selling Fusion Media Group: Report


Univision Communications Inc. is considering selling its Fusion Media Group, according to a Wall Street Journal report. Fusion’s properties include websites Gizmodo, Deadspin and The Root, among others, and it has a stake in the parent company of The Onion.

Univision’s exploration of the sale comes amidst a¬†companywide restructuring following a change in leadership. The WSJ report cites people familiar with the matter.

Deadline reported yesterday that Univision is looking to reduce the staff at The Onion by around 15% as it implements cuts across the company, multiple sources confirmed. The privately held company is about a month into the tenure of new CEO Vince Sadusky, who took the role after an eventful period during which Univision pulled plans for an IPO and retained a consultant to help it reassess its operations.

Univision was courting a younger demographic when it began assembling its digital assets under former CEO Randy Falco. A source told Deadline that the Onion reductions could be a prelude to a sale. Univision declined to comment on the matter.

This article was printed from https://deadline.com/2018/07/univision-fusion-media-group-sale-gizmodo-deadspin-the-onion-1202422656/