We’re all ecstatic that Michael Ausiello, formerly of Entertainment Weekly and TV Guide, will be launching a brand-new consumer TV-focused property to join us, Deadline.com, and Movieline.com!

If you love TV, you know — and love — Michael Ausiello, who has been breaking major TV news at Entertainment Weekly and TV Guide for over a decade. And our chairman and CEO, Jay Penske, just announced that Michael is joining the MMC family to launch his own TV site! How incredibly exciting is that!

While he was at EW, Ausiello broke an incredible number of exclusive TV stories, and the Ausiello Files — both in print and online — is one of the first things we all (and you should) read when it comes to the latest scoop on your favorite TV shows and stars.

“We’re ecstatic to be working with Michael,” says Jay. “As a world class journalist and one of the hardest working reporters in the industry, Michael is unequivocally recognized by the entertainment community as the leading voice on consumer TV news.”

And Michael said, “My decision to leave the best job I’ve ever had, at one of the best entertainment brands, was not arrived at lightly. But I had been following what Jay Penske and the MMC team have achieved over the last few years, and the chance to build a property with MMC solely focused on TV is a great opportunity. I’m incredibly excited.”

Michael — the feeling is mutual! Welcome to MMC! We can’t wait to see your new site, which is slated to launch in January 2011.

To read the full press release on Michael’s move, click here!