TheWrap: Steve Hannah announced that he is stepping down as CEO of The Onion on July 1 after 11 years in the position. For now, he will stay on as chairman, while longtime executive Mike McAvoy will take over as chief executive. His departure also comes as The Onion continues its discussions with interested buyers about a possible sale of the company. “There are a number of players who we’re still we’re having conversations with,” Hannah said, noting that a deal is not imminent. “We’re not in any hurry. We have a good and profitable business.”