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Fox Entertainment closes acquisition of TMZ from WarnerMedia

ContractHolder

ContractHolder

Jack of All Streams
Member
Oct 25, 2017
16,259
https://deadline.com/2021/09/fox-tmz-acquisition-warnermedia-closes-harvey-levin-1234832123/

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 less than $50 million. Reports earlier this year in several press outlets indicated a price more than twice that level, so the final cost seems to be a bargain given the many places where Fox will be able to rely on TMZ for content.

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.

In announcing the deal close, Fox said it plans to mobilize TMZ across its station group, free, ad-supported streaming outlet Tubi and other platforms.


Fox Television Stations' in-house syndication division, Fox First Run, will oversee all program sales, marketing and affiliate relations for TMZ and TMZ Live, effective immediately. The two programs have been renewed through 2022-23, with TMZ cleared in 99% of the country this coming season and TMZ Live cleared in 72% of the U.S.

Levin, in continuing to oversee day-to-day operations for the brand, will report to Rob Wade, Fox Entertainment's president of alternative entertainment and specials. TMZ was founded in 2005 by Levin and the late Jim Paratore.
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Joni

Joni

Member
Oct 27, 2017
19,508
It is unfortunate that TMZs standards and qualities will go down with this takeover.
 
Slayven

Slayven

Never read a comic in his life
Moderator
Oct 25, 2017
93,184
Now it is official, the owner of TMZ stayed on Fox and was buddy buddy with Trump.

Honestly they are probably seeing a dying body. So many blogs and social media doing what they do faster and funnier
 
Remark

Remark

Member
Oct 27, 2017
3,563
Slayven said:
Now it is official, the owner of TMZ stayed on Fox and was buddy buddy with Trump.

Honestly they are probably seeing a dying body. So many blogs and social media doing what they do faster and funnier
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Nah when it comes to certain shit TMZ is still first on the scene. Their network in LA is still bar none.

Fuck them tho fr fr
 
Saucycarpdog

Saucycarpdog

Member
Oct 25, 2017
16,359
Slayven said:
Now it is official, the owner of TMZ stayed on Fox and was buddy buddy with Trump.

Honestly they are probably seeing a dying body. So many blogs and social media doing what they do faster and funnier
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TMZ rebranding to appeal to white racist boomers.

"Drake EXPOSED: Anti-white lyrics in new album!!!!"
 
Grunty

Grunty

Member
Oct 28, 2017
7,364
Gruntilda’s Lair
Slayven said:
Now it is official, the owner of TMZ stayed on Fox and was buddy buddy with Trump.

Honestly they are probably seeing a dying body. So many blogs and social media doing what they do faster and funnier
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Click to shrink...

They seem to have their hands in everything and get scoops faster than anyone else. Their contacts are on an entirely different level. We'll see if that continues to last after this.
 
Whitemex

Whitemex

Member
Oct 27, 2017
15,471
Chicago
Is the staff gonna stay on? Like that one really Cali bro looking one? Or the dude wit dreads? I wouldn't wanna work for Fox..

Sidenote, i haven't watched TMZ in over 10 years
 
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