Fox buys celebrity-news platform TMZ from WarnerMedia – MarketWatch - Grub Vibes

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Monday, September 13, 2021

Fox buys celebrity-news platform TMZ from WarnerMedia – MarketWatch

Fox Corp. FOX, +1.29%  said it has acquired celebrity news platform TMZ from AT&T Inc.’s T, +1.25%  WarnerMedia unit, as the company looks to expand in digital media and unscripted  content.

Terms of the deal weren’t released but TMZ is being valued at less than $50 million, people familiar with the matter said. The Wall Street Journal reported last month that the companies were negotiating terms that would value TMZ at between $100 million and $125 million.



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