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FOX Entertainment Acquires TMZ From WarnerMedia

As part of the deal, Fox takes over all TMZ-branded linear, digital, and experiential assets, including the programs “TMZ,” “TMZ LIVE,” and “TMZ SPORTS.”

Eduardo Razo

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TMZ will have a new owner, as Fox Entertainment has reportedly acquired the Hollywood gossip website from WarnerMedia. According to the Wall Street Journal, the agreement between the two parties is estimated at less than $50 million, but official terms weren’t disclosed.  

As part of the deal, Fox takes over all TMZ-branded linear, digital, and experiential assets, including the programs “TMZ,” “TMZ LIVE,” and “TMZ SPORTS.”

“The unique and powerful brand Harvey has created in TMZ has forever changed the entertainment industry, and we’re excited to welcome them to FOX,” Lachlan Murdoch, Executive Chairman and Chief Executive Officer of Fox Corporation, said. 

“TMZ has been an impactful program for our FOX television stations and broadcast partners for many years, and I know Jack Abernethy and Charlie Collier will find creative ways to utilize and expand this content in effective and compelling ways for our audiences.”

The deal provides Fox with the opportunity to use the TMZ label across all their stations, ad-supported streaming service Tubi, and other Fox-owned platforms. 

Despite this change in ownership, TMZ founder and managing editor Harvey Levin will stay on to supervise the day-to-day operations from its Playa Vista, CA offices. Levin will now report to Fox Entertainment’s President of Alternative Entertainment and Specials, Rob Wade. 

“Harvey Levin created a groundbreaking destination for entertainment news, and for the past 15+ years, TMZ has celebrated great success,” Channing Dungey, Chairman, Warner Bros. Television Group, said. 

“TMZ will now be more closely aligned with the distributor of the popular content they create, and WarnerMedia wishes Harvey and everyone on the team the best as they venture into a new partnership with the talented team at FOX.”

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Media Business

Indianapolis, Philadelphia, Baltimore See Largest Political Ad Spends in Recent Weeks

President Joe Biden’s campaign has been the biggest spender, dropping $7.2 million.

Barrett News Media

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A side profile of the U.S. Capitol.

While much of the focus of political advertising is focused on the 2024 presidential election, there are important Congressional races, too. Metros like Indianapolis, Philadelphia, and Baltimore are the beneficiaries of those races.

According to information from AdImpact, $70.8 million has been spent in the political sector in the past two weeks. $3.7 million was spent in Indianapolis, while the Philadelphia market garnered $3.4 million and Baltimore saw $3.2 million in spending.

President Joe Biden’s campaign has been the biggest spender, dropping $7.2 million, according to Inside Radio. $1.7 million was spent in digital ads, while a PAC supporting Biden spent another $649,000.

Projections on the expected spending have fluctuated in recent months as ad spending has slowed after lackluster primary season saw former President Donald Trump effectively lock up the Republican nomination much earlier in the process than had been previously seen.

AdImpact forecasts $10.2 billion in the election cycle, which would be a new record.

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Media Business

Broadcasters Foundation of America Honors Six with Leadership Awards

The honors were bestowed at the Foundation’s annual breakfast at the NAB Show in Las Vegas.

Barrett News Media

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A photo of the 2024 Broadcasters Foundation of America Leadership Award Winners
(Photo: Broadcasters Foundation of America)

The 2024 NAB Show in Las Vegas has wrapped up, and the Broadcasters Foundation of America honored six industry veterans with their Leadership Award.

At the foundation’s annual breakfast at the NAB Show, it honored several leaders.

Erica Farber — who stepped down as CEO of the Radio Advertising Bureau at the beginning of the month — was bestowed with the Lowry Mays Excellence in Broadcasting Award. The honor is named after Clear Channel founder Lowry Mays, who died in September 2022.

Six other individuals were honored with the Leadership Award. Those included:

  • Mike McVay, President of McVay Media
  • Kathleen Kirby, Partner at Wiley
  • Don Bouloukos, CBS and ABC Radio Executive
  • Frank Comerford, Chief Revenue Officer and President of Commercial Operations for NBCU Local
  • John Rouse, Executive Vice President ABC Affiliate Relations
  • Traug Keller, President of ABC Radio Networks and Senior Vice President of ESPN Radio

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Media Business

Fox News Digital Marks 3 Straight Years Leading Multiplatform Minutes

On average, the network featured 111 million unique visitors per month to its digital platforms, including 5.8 million unique visitors to its mobile app.

Barrett News Media

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A photo of the Fox News logo

Fox News Digital finished the first quarter leading news brands in multiplatform minutes, marking the 12th consecutive quarter leading the category.

The network saw double-digit year-over-year growth in the sector with 9.8 billion multiplatform minutes, according to Comscore.

Additionally, Fox News led the first quarter in multiplatform views with 4.9 billion. On average, the network featured 111 million unique visitors per month to its digital platforms, including 5.8 million unique visitors to its mobile app in the first quarter.

Fox Business also saw victories in the business media sector. The YouTube channel for the network garnered 182 million views in the quarter, up 20% compared to the same time frame in 2023.

Also, FoxBusiness.com averaged 28.7 million unique visitors per month in the quarter, up 21% in year-over-year growth.

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