The Onion Buys Alex Jones’s Infowars Out of Bankruptcy

Published On Nov 14, 2024, 9:01 AM

The Onion, a satirical news site, has acquired Infowars, a platform founded by conspiracy theorist Alex Jones, which had recently gone through bankruptcy. The Onion plans to relaunch Infowars as a parody site, targeting internet personalities promoting conspiracy theories. This acquisition is supported by families of Sandy Hook victims, who previously won a defamation lawsuit against Jones. Everytown for Gun Safety, a nonprofit, will be advertising on the relaunch of the site.

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The acquisition of Infowars by The Onion may initially cause some volatility in media and satire-related stocks, as The Onion brings a unique approach to controversial content. However, the backing from anti-gun violence organizations may attract additional attention and advertising revenue for The Onion, positively impacting its brand presence.

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