Fox Entertainment Closes Acquisition Of TMZ From WarnerMedia - NewsBreak

Fox Corp.'s entertainment division has closed its acquisition of TMZ from WarnerMedia, confirming that founder and managing editor Harvey Levin will continue with the newly situated company. Terms were not disclosed, but the deal is believed to be worth in the range of $100 million to $125 million. Fox will now own and operate all of TMZ's linear, digital and experiential assets, including syndicated magazine programs TMZ and TMZ Live. The TV series had created a connection between Warner and Fox, with both shows airing on 18 network affiliates owned by Fox's station group. TMZ Sports airs on FS1. As it has expanded...