That audio of O.J. Simpson hollering at sports memorabilia collectors in a Las Vegas hotel last year was worth $165,000 to TMZ.com, reports The Smoking Gun today. TMZ reportedly bought the tape from Thomas Riccio, a four-time felon who set up the confrontation with Simpson and recorded it, then called the gossip site.

From The Smoking Gun:

While he initially sought $2 million, Riccio settled for the six-figure payout, which is still likely the largest sum paid by a gossip site for a story. In its original report about the tape, TMZ stated that it had "obtained" the recordings, avoiding any mention that their procurement was secured by a $165,000 check delivered to Riccio's Los Angeles home.

Riccio signed a TMZ contract containing a confidentiality clause barring him from disclosing details of the financial transaction, presumably so that future "sources" don't use the $165,000 payoff as a template in their negotiations with the site, which is co-owned by Time Warner's AOL and Telepictures units. TMZ is apparently the only Time Warner entity that is allowed to pay for stories or tips (that corporate roster includes CNN, magazines like Time, People, and Sports Illustrated, and small outfits like The Smoking Gun).

[snip]

Riccio, who declined to comment about his deal with TMZ, appears to have fallen out of the site's favor, judging by a February 28 "exclusive" excoriating him for cashing in on Simpson's legal troubles. Riccio, the site reported, has written "Busted," a "sleaze-a-zoid account" of the Las Vegas incident. Riccio's tome, the cover of which you'll find at right, goes on sale next month.

TSG also has some of the FBI affidavit in the Eliot Spitzer case.

© 2003-2009   •  About LA Observed  •  Email the editor
LA Biz Observed
7:18 AM Sun | More than 1,000 Toyota and Lexus owners have reported sudden acceleration problems over the last decade, resulting in 19 deaths.
Native Intelligence
Jenny Price | Advice for Greenies in a Complicated World
TJ Sullivan | Steve Jones, the self-proclaimed Sire of Wilshire (a nod to the physical address of his former home at Indie 103.1 FM), is back on the air!
Erika Schickel | She gaped at me like I was living history -- Miss Jane Pittman come to put her withered lips to the "Young Only" fountain straw of ageism.
Bill Boyarsky
As newspapers and television pull back from investigative reporting, foundations and other organizations are beginning to fill the void. One of the most interesting is Accountable California, a project of Local 721 of the Service Employees International Union.
Jenny Burman
Thinking more about buying less.
Here in Malibu
This drains to the ocean.
Sponsors
Jewish Journal logo
The California Wellness Foundation
Playa Vista ad
Blogads

Blogads Los Angeles network

Get RSS Feeds
of LA Observed
LA Observed publishes several Real Simple Syndication feeds for easy scanning of headlines. If you wish to subscribe to a feed, most popular RSS readers will do it for you. You can also enter the web address from the XML button below or click on a specific feed. For more help with RSS, try here or here.




Add to Google