It's auction day for Alex Jones' Infowars. The Infowars studio and most other assets of the conspiracy theorist's company were expected to be sold off Wednesday.

The satirical news company plans to shutter Jones’ Infowars and rebuild the website featuring well-known internet humor writers and content creators, according to a person with knowledge of the sale.

The publication plans to reintroduce Infowars in January as a parody of itself, mocking “weird internet personalities” like Mr. Jones who traffic in misinformation and health supplements, Ben Collins, the chief executive of The Onion’s parent company, Global Tetrahedron, said in an interview.