TMZ: Fox Buys the Tabloid for $50 Million

Written by on September 14, 2021

Fox Corp has bought TMZ from AT&T’s WarnerMedia for less than $50 million, according to The Hollywood Reporter.

Founder Harvey Levin will continue running the day-to-day operations of the gossip outlet.

Besides its websites, TMZ also has a syndicated TV series, TMZ on TV, and a spinoff series, TMZ Sports, on FS1.

AT&T has been selling off its “non-core” assets, according to The Hollywood Reporter, to “help pay down its 5G wireless spectrum-driven debt load.”

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