TMZ was sold to Fox Entertainment

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The brand of news and entertainment, best known for the latest news on gossip and celebrity deaths, it was previously owned by WarnerMedia, which also owns CNN. But the parent company of WarnerMedia AT&T (T) has launched assets to help pay off its debt and pave the way for 5G investments. The telecommunications giant sold the anime brand Crunchyroll at Sony and its DirectTV TV service at TPG Capital. WarnerMedia is also expected to be able to separate and merge with Discovery.

Harvey Levin, the managing editor of TMZ who co-founded the company in 2005, will remain on board and report to Fox management.

No other terms of the agreement were disclosed.

Lachlan Murdoch, CEO of Fox Corporation, said in a statement, “The unique and powerful brand Harvey has created at TMZ has forever changed the entertainment industry and we are delighted to welcome you to FOX.”

Fox will operate all TMZ channels, including its programs, TMZ and TMZ LIVE, which are already broadcast to 18 subsidiaries in the network owned by Fox Television Stations, according to the statement.

“When I see a broken celebrity-related story that’s just as amazing, funny, and addictive, I know it’s TMZ,” Charlie Collier, CEO of Fox Entertainment, said in a statement. “Whether by broadcast or digital, TMZ has brought its energy that defines the brand and a sense of urgency to fans around the planet.”

The information first published last month by WarnerMedia was in talks to sell TMZ to Fox.

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