That’s not funny. The Onion is losing money

From Jeremy Barr at The Hollywood Reporter:

Earlier in the day, the company reported that its English-language digital businesses, which includes The Onion, lost $32.5 million in the fourth quarter of 2018, compared to just $3 million in the same quarter a year earlier. But the losses were even greater in the third quarter of 2018, with the company reporting a loss of $96.1 million for the U.S. digital brands.

Univision is still looking for a buyer for the Gizmodo Media Group properties, which the company still believes to be strong. More.

Reality check: I wondered if it was just me but maybe not; I didn’t think the Onion was that funny in recent years. Too much Woke, not enough joke?

It would be interesting to see whether accelerating Wokeness is harming a lot of these media brands.

See also: Microsoft will kindly pick the news you read: Huffpost YES! Drudge NO!

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