Chicago, Illinois – America’s Finest News Source is proposing a merger with Your Source of Up-to-date Unbelievable News.
The Chicago-based The Onion has offered to absorb the international operations of the Silicon Valley-based The Adobo Chronicles for $2 Million. The Onion, which started its Internet operations in 1988, boasts of a monthly viewership of 11 Million. The Adobo Chronicles, on the other hand, started just nine months ago and is now enjoying an average monthly viewership of 1 Million.
Investors for The Onion see a great potential to increase its worldwide viewership by merging with The Adobo Chronicles.
The Adobo Chronicles has assembled a team of lawyers and investment analysts to study the merger proposal. The name of the merged company is obviously a sticky issue, with both media outlets wanting to retain their respective names. Ironically, the names of both companies have to do with food: onion being a widely-used vegetable for cooking and adobo being the national dish of the Philippines.
Negotiators on either side have, however, agreed on the tagline for the merged company: “Your Finest Source of Up-to-Date Unbelievable World News.” A great start in the negotiations.
Media mergers and buyouts are becoming more and more common but this proposed merger is different in that it has nothing to do with either company’s financial challenges. Rather it is seen as great potential for expansion and viewership.
Sochi, Russia – American figure skater Ashley Wagner took to the ice Saturday to skate to the music of Pink Floyd’s “Shine On You Crazy Diamond,” during the team ladies short program. After weeks of being in the media spotlight because of criticism regarding her being on the U.S. Olympic team, Wagner was focused on one thing and one thing only: to keep the U.S. in contention for a medal in the team figure skating competition.
San Francisco, California – Two of the largest charities and used-clothing stores, Goodwill and The Salvation Army, have started a fierce bidding war over the Ralph Loren-designed, patchwork sweaters worn by the U.S. Olympic delegation at last night’s Sochi Winter Olympics opening ceremony. A third, lesser known used-clothing store in San Francisco, Out Of The Closet, has indicated it will join in the bidding.
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