Univision buys controlling stake in satire site The Onion

January 19, 2016 3:32 PM

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Univision, the country’s most popular Spanish-language TV network, has acquired a controlling stake in the satirical English-language news site The Onion.

Univision said it plans to announce on Tuesday that it is acquiring a 40-percent controlling stake of The Onion — founded as a small newspaper in Madison, Wisconsin, 28 years ago — as part of an effort by the company to court a younger audience.

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