AT&T's WarnerMedia Sells TMZ To Fox Entertainment for Reportedly Less Than $50 Million - NewsBreak

WarnerMedia has sold TMZ to Fox Entertainment in a deal that was reportedly less than $50 million, according to The Hollywood Reporter. The sale comes as WarnerMedia's parent company, AT&T, has been selling off assets to pay off debts and redirect funds to build the 5G network for their cellular service. Anime streaming service CrunchyRoll was sold to Sony and TPG Capital bought DirectTV. WarnerMedia, which owns CNN and HBO, is also in talks to be spun off and merged with Discovery.