Report: Fox acquires TMZ for $50 million

Tuesday, 14. September 2021 03:35

Fox Corporation has completed the acquisition of popular online tabloid magazine TMZ from AT&T Inc.'s WarnerMedia for $50 billion, Variety reported on Monday.

"We couldn't be more charged," Harvey Levin, the managing editor and co-founder of TMZ, said, as cited by Variety. "Fox Entertainment is opening up a world of opportunities for TMZ to grow our current platforms and expand in every which way."

Fox's acquisition of TMZ was initially confirmed back in August.

Related Links: AT&T Inc.Fox Corp.
Breaking the News / JR