Univision Communications Inc., the parent company to the nation's leading Spanish-language broadcast channel, has acquired a controlling stake in the satirical news site The Onion, NPR has learned.
The agreement between two seemingly disparate media outfits was described to NPR by a person with direct involvement in the negotiations. A second person who was briefed on the deal by Univision executives also confirmed its broad strokes. The amount of money involved in the deal was not disclosed. NPR has also obtained a memo from the CEO of The Onion announcing the deal to staffers.