The Onion reaches new deal to take over Alex Jones’ Infowars | CNN Business

Satirical news site The Onion said it has reached an agreement to take over conspiracy theorist Alex Jones’ InfoWars company, in a move that could help repay the more than $1 billion he owes the families of Sandy Hook shooting victims. Should The Onion win court approval, it would cap a legal saga lasting more than 18 months over the future of Jones’ website and show. “We’ve wanted this the whole time. We have not backed down at any moment,” The Onion CEO Ben Collins told CNN in an interview. Under the agreement, and with the support of the Sandy Hook families, The Onion will initially pay a monthly licensing fee to the court-appointed receiver overseeing InfoWars. Collins said the company has also signed a deal to purchase the full assets once the current judicial stay expires. Jones was found liable for defamation in 2022 after repeatedly claiming on-air that the 2012 Sandy Hook massacre, in which six adults and 20 children were killed, was a “hoax.” He has yet to pay a single cent of the more than $1 billion in damages he owes the families. As a result, Jones’ assets went up for sale. In 2024, The Onion won a court-mandated auction for Infowars’ parent company,