G/O Media Sells A.V. Club and The Takeout, Shops The Onion

In a move to streamline its portfolio, G/O Media has sold two of its properties and is actively seeking buyers for The Onion.

G/O Media has sold The A.V. Club to Paste Media and The Takeout to Static Media, with most staff members retaining their positions.
The sales are part of a broader strategy to focus on leading sites within the company's portfolio, amid challenging business conditions.
The Onion, a popular satirical site, is currently being shopped around, with potential buyers in talks.
This marks the latest in a series of sales by G/O Media, following the disposals of Deadspin, Lifehacker, and Jezebel over the past year.
The media industry faces continued layoffs and challenges, with G/O Media CEO Jim Spanfeller highlighting the impact of changes in web traffic and ad revenue.