TMZ sold to FOX…

Char­lie Col­lier, chief exec­u­tive offi­cer of Fox’s enter­tain­ment unit, is on a shop­ping spree, help­ing to restore the deplet­ed Mur­doch media empire one juicy deal at a time. Next on the list: fresh gossip. 

The com­pa­ny announced Mon­day that it is acquir­ing TMZ, the celebri­ty gos­sip site and TV show, from AT&T Inc.’s Warn­er­Me­dia. The price tag, accord­ing to peo­ple famil­iar with the deal, is less than $50 mil­lion. The move is the lat­est step in an ongo­ing effort to build a new enter­tain­ment busi­ness after Fox sold a large chunk of its assets to Walt Dis­ney Co. three years ago, includ­ing the 20th Cen­tu­ry Fox stu­dio and the FX and Nation­al Geo­graph­ic cable channels. 

“When every­body is try­ing to move their view­er behind a pay­wall, we see great oppor­tu­ni­ty in ad-sup­port­ed busi­ness­es,” Col­lier said. 

ANNOUNCEMENT:

Big Tech is at war with you! They don't want you to see the truth.

DONT LET THEM WIN THE WAR! 

 

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