Cynthia Littleton Business EditorFox Corp. aims to rev up the tempo of its digital news, sports and lifestyle offerings now that the company has completed its acquisition of TMZ from WarnerMedia at a price tag estimated at around $50 million.Fox has acquired all of the company behind the daily syndicated TV shows “TMZ” and “TMZ Live,” which have aired on Fox’s O&O stations since they debuted in 2007 and 2011, respectively.
The TMZ production banner was founded in 2005 by Harvey Levin, the former KCBS-TV Los Angeles correspondent, and the late Telepictures executive Jim Paratore as a division of Warner Bros.’ Telepictures production unit.Levin will continue to run the company and serve as frontman for the TV shows.
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