Fox goes dish-ing, net$ TMZ
Fox Entertainment has acquired WarnerMedia’s TMZ, the celebrity gossip site and TV shows operated by Harvey Levin, the companies said Monday.
Terms of the deal weren’t disclosed, but TMZ, best known for breaking news on celebrity gossip, is being valued at less than $50 million, people familiar with the matter told The Post.
News of a potential sale leaked out in August, months after AT&T inked a $43 billion deal to spin off its WarnerMedia entertainment division to Discovery, owner of TLC, Animal Planet and HGTV.
Fox already is well-acquainted with TMZ’s business, which includes the popular Web site TMZ.com and several TV shows. The network’s local television stations carry the TMZ shows “TMZ” and “TMZ Live.” Additionally, TMZ has produced specials for Fox’s entertainment division, including “Harry & Meghan: The Royals in Crisis” and “TMZ Sports,” a sports gossip show that is carried by the Fox Sports 1 cable network.