“Later, Univision wrote off its investments in FMG, GMG and The Onion, claiming a loss of $32.5 million in the fourth quarter of 2018.”— Sahil Patel, digiday.comTagged: Media Cliff Notes
“Last year, GMG and The Onion combined generated roughly $80 to $85 million in overall revenue, according to three sources familiar with the matter. But with all expenses added up, the organization was tens of millions in the red, sources said.”— Sahil Patel, digiday.comTagged: Media Cliff Notes