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WarnerMedia in Talks to Sell TMZ to Fox

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thewrap.com
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first reported on Tuesday that the celebrity gossip site was for sale, which would represent another paring down of AT&T’s media assets as its prepares to spinoff WarnerMedia into a merger with Discovery.

Reps for WarnerMedia, AT&T and Fox declined to comment.Over the last few months, AT&T has sold off many of its media assets, most notable being the $43 billion merger agreement with Discovery for WarnerMedia.

In the past few weeks, AT&T finalized its sale of anime-focused streaming service Crunchyroll to Sony and spinoff of DirecTV.

AT&T also sold mobile games studio Playdemic to Electronic Arts for $1.4 billion in June. A potential sale of TMZ to Fox makes sense.

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