Business
Fox Chief Charlie Collier Revamps the Murdochs’ Empire, Adds TMZ
After the big sale to Disney, Fox is adding pieces for a new mission.
Photographer: Robyn Beck/AFP/Getty Images
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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.