It’s not layoff news, and it’s not an April Fools prank:

The Onion has won a Peabody, one of journalism’s most highfalutin awards.

The Peabodys, administered out of the University of Georgia, date back to 1941, and honor “the most outstanding achievements in electronic media, including radio, television and cable.” They tend to go to earnest television documentaries and the like, but they also allow for some very smart, quirky stuff.

Hence the award for the weekly’s “Onion News Network” video site, which debuted two years ago but has really been hitting its stride lately… Per the judges: “The satirical tabloid’s online send-up of 24-hour cable-TV news was hilarious, trenchant and not infrequently hard to distinguish from the real thing.”

Link to D.Blawg Postings from the Onion Here: