Fox Entertainment, a subsidiary of Fox Corporation, announced on Monday that it has purchased celebrity and gossip media outlet TMZ from WarnerMedia. Harvey Levin, the founder and managing editor of TMZ, will remain in his role and oversee day-to-day operations. Levin founded TMZ in 2005 with the late Jim Paratore. “We couldn’t be more charged. Fox Entertainment is opening up a world of opportunities for TMZ to grow our current platforms and expand in every which way!” Levin said in a statement. TMZ’s syndicated television programs already air on 18 Fox-owned network affiliates. Fox will also own and operate TMZ’s sports program and the brand’s flagship website, TMZ.com, among other assets. “When I see a breaking celebrity-related story that is equal parts shocking, fun, and addictive, I know it’s TMZ,” Charlie Collier, CEO of Fox Entertainment, said in a statement. “Whether via broadcast or digital, TMZ has brought its brand-defining …