​No joke: Spanish network Univision buys stake in The Onion

January 19, 2016 4:01 PM

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Odd pairings are the realm of comedy, but two seemingly mismatched partners are hoping their new venture will bring more than laughs.

Spanish-language broadcaster Univision Communications has bought a stake in the satirical English-language news site The Onion, the companies told CBS MoneyWatch. While the details of the transaction weren't disclosed, Univision described the stake as a minority investment. The Onion CEO Mike McAvoy...

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