Fox could shell out $125 million to buy TMZ from AT&T

The Fox Corporation could spend between $100 million and $125 million to acquire the gossip website TMZ from its current parent company AT&T, according to a report. On Thursday, the Wall Street Journal newspaper expanded on discussions first reported by Silicon Valley publication The Information that revealed the popular entertainment portal was up for sale. Citing unnamed sources, the Journal described conversations between AT&T and Fox had been “on-again, off-again,” and cautioned that a sale was not guaranteed. The Journal said any potential sale would need the support of TMZ’s founder and head editor, Harvey Levin, who has expressed concerns over the amount of editorial control he might have should a sale to Fox go through. Fox would be a natural suitor for TMZ: In addition to its flagship website, the entertainment publication produces a series of television shows, including … Read more