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Good morning, Thanks for reading The Backstory, your Saturday compilation of
the very best of Puck. As always, it was an extraordinary week: Matt Belloni
chronicled a Netflix power play and evaluated David Ellison’s UFC ambitions;
Julia Alexander divined the young mogul’s streaming master plan; Eriq
Gardner and Ian Krietzberg revised Hollywood’s A.I. doom-and-gloom
narrative; John Ourand heralded CBS Sport’s new swagger; Dylan Byers
previewed the dawn of a new media era; Bill Cohan pondered Trump’s appetite
for Wall Street revenge; Lauren Sherman diagnosed Gap’s challenges; Rachel
Strugatz juxtaposed Gwyneth and Martha’s beauty plays; Sarah Shapiro
scrutinized the Khaite business model; Marion Maneker ranked the hottest
artists in the middle market; and Julie Davich got the readout from Monterey’s
car playground.
Aug 16, 2025
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PREVIEW VERSION
Start a free 14-day trial to unlock access to Puck.
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Jon Kelly
Good morning,
Thanks for reading The Backstory, your Saturday compilation of the very best
of Puck.
As always, it was an extraordinary week: Matt Belloni chronicled a Netflix
power play and evaluated David Ellison’s UFC ambitions; Julia Alexander
divined the young mogul’s streaming master plan; Eriq Gardner and Ian
Krietzberg revised Hollywood’s A.I. doom-and-gloom narrative; John Ourand
heralded CBS Sport’s new swagger; Dylan Byers previewed the dawn of a new
media era; Bill Cohan pondered Trump’s appetite for Wall Street revenge;
Lauren Sherman diagnosed Gap’s challenges; Rachel Strugatz juxtaposed
Gwyneth and Martha’s beauty plays; Sarah Shapiro scrutinized the Khaite
business model; Marion Maneker ranked the hottest artists in the middle
market; and Julie Davich got the readout from Monterey’s car playground.
Meanwhile, Julia Ioffe prophesied the Trump-Putin endgame; Leigh Ann
Caldwell examined John Cornyn’s moment of truth; John Heilemann chatted with
Rep. Garcia about his third-term anxieties; and Abby Livingston delved into
the Epstein recess questions.
Check out these stories, and others, via the links below. And stick around
for the backstory on how it all came together.
START A FREE 14-DAY TRIAL
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FASHION
Lauren Sherman offers a grab bag of delights: notes on the Vogue succession
game; an analysis of Gap Inc.’s business, and scenes from the Susan
Plagemann-WME divorce.
and…
Rachel Strugatz compares the agonies and ecstasies of Gwyneth Paltrow and
Martha Stewart.
meanwhile…
Sarah Shapiro details Khaite’s ascent.
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ART MARKET
Marion Maneker digs into proprietary data on all the auction action under
$500,000.
and…
Julie Davich goes shopping for a $23 million McLaren.
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HOLLYWOOD
Matt Belloni explains the profundity of Ellison’s $7.7 billion UFC play and
laments a Sony bag-fumbling.
and…
Scott Mendelson divvies up the credit for Warner Bros.’s hot summer at the
box office.
and…
Eriq Gardner, Ian Krietzberg, and Julia Alexander trade notes on the perils
of A.I. slop.
meanwhile…
Julia Alexander assesses the fate of Peacock.
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A.I.
Ian Krietzberg huddles up with the Character.AI C.E.O. and sorts through the
GPT-5 wreckage.
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MEDIA
Dylan Byers perspicaciously envisions the dawn of a new media age.
and…
John Ourand surveys David Berson’s offensive at CBS Sports.
and…
Julia Alexander dissects Paramount’s UFC-Sheridanverse strategy.
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WALL STREET
Bill Cohan captures Wall Street’s anxiety about Trump reprisals.
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WASHINGTON
Leigh Ann Caldwell spotlights John Cornyn’s latest headache.
and…
Abby Livingston measures the Epstein recess tremors.
and…
Julia Ioffe imagines the endgame in Ukraine.
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PODCASTS
Dylan and the Ruthless guys discuss the podcast-cable intersection on The
Grill Room.
and…
Axios’ Sara Fischer and Ourand predict the next sports media rights shoes to
drop on The Varsity.
and…
Lauren and Marisa Meltzer update the girlboss discourse on Fashion People.
and…
John Heilemann and Rep. Robert Garcia game out Trump’s third-term strategy
on Impolitic.
and…
Matt and the Times’s Brooks Barnes break down Cindy Holland’s Par+ plans on
The Town.
and…
Peter Hamby and Lauren reassess the cultural power of a good magazine cover
on The Powers That Be.
As a reminder, you can update your profile at any time to get more stories
like these directly in your inbox. Click here to customize your email
settings.
Octagon With the Wind
On Monday morning, as a mid-August heat wave passed through the Northeast, I
was texting with my partner John Ourand about the lineup for the upcoming
issue of The Varsity, his excellent private email on the sports business.
One of the recent themes of John’s work has been the chill in league rights
deals. After the NBA’s astonishing $76 billion, 11-year agreement with
Comcast, Disney, and Amazon, a seemingly mild recession set in: ESPN broke
up with Major League Baseball, which has since struggled to find new
partners at the same revenue tier, and even Formula 1 was hard pressed to
bring bidders to the trough. (The league is allegedly closing in on a ~$150
million annual agreement with Apple TV+ for its U.S. rights.)
But it only takes a couple new data points to reset a market. Earlier this
month, TKO’s WWE announced a historic five-year, $1.6 billion pact with
Disney’s ESPN to air its Premium Live Events, like WrestleMania and the
recently broadcast Summer Slam. (Naturally, WWE president Nick Khan
exclusively conveyed the genesis of the deal to John on the Varsity
podcast.) And while we were trading notes on Monday morning, John surfaced
the motherlode: Less than a week into his ownership of Paramount, the young
mogul David Ellison had brokered a seven-year rights deal for UFC, TKO’s
other core business, for a staggering $7.7 billion. John told me he’d have
the backstory by the afternoon, and we’d build The Varsity’s lineup around
the news.
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After the Ellison deal came across the transom, it broke Puck’s internal
Richter scale. After all, this was the sort of news event that encroached on
so many power corners within our cinematic universe. My partners have been
following Ellison’s pursuit of Paramount since Matt Belloni first broke the
news more than a year and a half ago. The deal died with age, as you well
know, only to be revived and nearly collapse several times more. Meanwhile,
every vicissitude was eloquently chronicled in these digital pages by Matt,
Bill Cohan, Dylan Byers, Julia Alexander, Kim Masters, and, of course, John.
Indeed, Ellison’s new project occupied the true intersection of Hollywood,
finance, technology, legacy media, and sports—and, if we’re being honest,
the role of primogeniture in the increasingly gilded American oligopoly.
Unsurprisingly, the Ellison deal became the true leitmotif of this week at
Puck, and in the best possible way. As promised, John delivered a piece on
Monday afternoon, Ellison Goes on Offense, that traced the deal’s origins to
a stray comment at The Sphere a year ago, back when Ellison’s Paramount
conquest was far from certain. (What happens in Vegas…) Subsequently, Matt
published his own well-informed thesis, Why Ellison Doubled Down on UFC,
which popularized the view that the deal was as much a statement as an
actual broadcast agreement.
John even followed up with his own reported perspective on what this meant
for CBS, which has long been a dormant participant in sports rights outside
its core portfolio of golf, the NFL, and March Madness. In a masterstroke,
Julia Alexander saw in the deal the true ambitions of Ellison’s plans for
his streamer. Here’s my favorite passage from her piece, Ellison, Ari & The
Power of CBS. “Until now, Par+’s most engaging assets outside of the NFL
had been the Taylor Sheridan-verse and SpongeBob SquarePants,” Julia wrote.
“But with the addition of UFC, we’re beginning to see a fuller picture of
the streamer Ellison has in mind—a vaguely Trump-inflected mix of fight
nights, Sheridan’s cowboys, and CBS cop shows supplemented by popular
reality fare (Survivor, Amazing Race) and studio hits. Indeed, research firm
YouGov found that top overlapping interests for Paramount+ fans included Fox
News and Jesus Christ.”
I won’t build upon the tempting metaphorical opportunity, but Ellison’s
vision for Paramount is becoming increasingly clear. In another media
environment, a centibillionaire heir’s decision to plunk down NFL money for
a niche red state sport might have elicited groans from Midtown to Beverly
Hills. But Ellison, with his massive war chest and retinue of high-profile
advisors, is telegraphing that he will spend and cut his way to a Paramount
remade for the new age of streaming—and impossibly expensive sports rights.
Soon after they finish their long-awaited integration, with its promised
billions in savings on “efficiencies,” Ellison & Co. will have to turn their
attention to their MLB rights and their NFL renewal.
Meanwhile, murmurs abound regarding what they might buy next. Kim has
already previewed a Warner Bros. deal. Last night, in What I’m Hearing, Matt
surfaced the hypothesis, put forth by well-wired sources, that New Paramount
might even take on the whole pre-split Warner Bros. Discovery “enchilada.”
All that’s certain is that Ellison’s journey will remake multiple industries
at once. I say this often, but it has rarely been more true: This is one of
the great stories of our time, and precisely what you can expect to consume
voraciously in Puck.
Have a great weekend,
Jon
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max-height: 0px; overflow: hidden; mso-hide:all;">Good morning, Thanks =
for reading The Backstory, your Saturday compilation of the very best of =
Puck. As always, it was an extraordinary week: Matt Belloni chronicled a =
Netflix power play and evaluated David Ellison=E2=80=99s UFC ambitions; =
Julia Alexander divined the young mogul=E2=80=99s streaming master plan; =
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doom-and-gloom narrative; John Ourand heralded CBS Sport=E2=80=99s new =
swagger; Dylan Byers previewed the dawn of a new media era; Bill Cohan =
pondered Trump=E2=80=99s appetite for Wall Street revenge; Lauren =
Sherman diagnosed Gap=E2=80=99s challenges; Rachel Strugatz juxtaposed =
Gwyneth and Martha=E2=80=99s beauty plays; Sarah Shapiro scrutinized the =
Khaite business model; Marion Maneker ranked the hottest artists in the =
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al';font-size:14px;font-weight:400;letter-spacing:0px;line-height:1.5=
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<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
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#d9d9d9;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
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<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-=
align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;text-align:left;line-h=
eight:0;"><tbody><tr><td =
style=3D"vertical-align:middle;color:#d40000;font-family:'PuckSerifDi=
splay','Georgia';font-size:20px;font-weight:400;padding-botto=
m:24px;text-align:left;">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:0px;"><img alt=3D"Jon Kelly" =
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style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
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style=3D"font-family:'PuckSerifDisplay','Georgia';font-si=
ze:20px;font-weight:400;color:#d40000;vertical-align:middle;letter-spacin=
g:undefined;text-align:left;line-height:normal;">Jon Kelly
</td></tr></tbody></table>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:32px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p style=3D"margin:0;">Good =
morning,<br/><br/>Thanks for reading The Backstory, your Saturday =
compilation of the very best
of Puck.<br/><br/>As always, it was an extraordinary week: <strong>Matt =
Belloni </strong>chronicled a Netflix power play and evaluated =
<strong>David Ellison</strong>=E2=80=99s UFC ambitions; <strong>Julia =
Alexander </strong>divined the young mogul=E2=80=99s streaming master =
plan; <strong>Eriq Gardner </strong>and <strong>Ian Krietzberg =
</strong>revised Hollywood=E2=80=99s A.I. doom-and-gloom narrative; =
<strong>John Ourand </strong>heralded CBS Sport=E2=80=99s new swagger; =
<strong>Dylan Byers</strong> previewed the dawn of a new
media era; <strong>Bill Cohan </strong>pondered =
<strong>Trump</strong>=E2=80=99s appetite for Wall Street revenge; =
<strong>Lauren Sherman </strong>diagnosed Gap=E2=80=99s challenges; =
<strong>Rachel Strugatz </strong>juxtaposed <strong>Gwyneth </strong>and =
<strong>Martha</strong>=E2=80=99s beauty plays; <strong>Sarah Shapiro =
</strong>scrutinized the Khaite business model; <strong>Marion Maneker =
</strong>ranked the hottest artists in the middle market; and =
<strong>Julie Davich </strong>got the readout from Monterey=E2=80=99s =
car
playground.<br/><br/>Meanwhile, <strong>Julia Ioffe </strong>prophesied =
the <strong>Trump</strong>-<strong>Putin </strong>endgame; <strong>Leigh =
Ann Caldwell</strong> examined <strong>John Cornyn</strong>=E2=80=99s =
moment of truth; <strong>John Heilemann </strong>chatted with Rep. =
<strong>Garcia </strong>about his third-term anxieties; and <strong>Abby =
Livingston </strong>delved into the <strong>Epstein </strong>recess =
questions.</p></div>
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cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
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<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;vertical-align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
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"><tbody><tr><td style=3D"padding-bottom:32px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p style=3D"margin:0;">Check =
out these stories, and others, via the links below. And stick around for =
the backstory on how it all
came together.</p></div>
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style=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" =
alt=3D"HBO Max" title=3D"HBO Max" height=3D"auto"/></a></div></div>
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one;max-height:0;overflow:hidden;"><tbody><tr><td =
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align=3D"center"><div style=3D"max-width:552px;"><a =
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2PZCJMG0HH1WQVM81AK6KGQ.jpg" =
style=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" =
alt=3D"HBO Max" title=3D"HBO Max" height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:center;mso-line-height-alt:20px;"><p style=3D"margin:0;">For =
your consideration: Sponsors include HBO Max, presenting CONAN =
O=E2=80=99BRIEN MUST GO. Emmy nominated for Outstanding Hosted =
Nonfiction
Series or Special. In Season 2 of the Emmy=C2=AE Award-winning travel =
series, Conan O=E2=80=99Brien experiences local cultures and connects =
with fans, including Javier Bardem and Taika Waititi. Now Streaming on =
HBO Max.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-=
align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;text-align:left;line-h=
eight:0;"><tbody><tr><td =
style=3D"vertical-align:middle;color:#000;font-family:'PuckSerifDispl=
ay','Georgia';font-size:20px;font-weight:700;text-align:left;=
">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:12px;"><img alt=3D"FASHION" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1729520868807_tbs-icon-fashion_01JAQQM7F4X1VMN1QPH2NRBDZ8.png" =
height=3D"auto" width=3D"48" align=3D"center" =
style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td =
style=3D"font-family:'PuckSerifDisplay','Georgia';font-si=
ze:20px;font-weight:700;color:#000;vertical-align:middle;letter-spacing:u=
ndefined;text-align:left;line-height:normal;">FASHION
</td></tr></tbody></table>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p =
style=3D"margin:0;"><strong>Lauren Sherman </strong>offers a grab bag of =
delights:
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYW=
5uYS13aW50b3Vycy12b2d1ZS1zdWNjZXNzaW9uLXNob3J0bGlzdC10aGUtdGFyZ2V0LXVsdGE=
tZGl2b3JjZS8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYl=
MkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGM=
TYlMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT=
1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJ=
uYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIzMjA1MTZ9/cd08ad70eb9=
56dbbfd9e4c6aaca330571c7daefc06ead69f35b9f2908527fdc3" =
style=3D"text-decoration:underline;color:#d40000;">notes</a> on the =
<em>Vogue </em>succession game; an <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdW=
5wYWNraW5nLXJpY2hhcmQtZGlja3NvbnMtZ2FwLWluYy1jaGFsbGVuZ2VzLz91dG1fY2FtcGF=
pZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODglMkYxNiUyRjI1JTI5XHUwMDI2dXRtX2Nv=
bnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODglMkYxNiUyRjI1JTI5XHUwMDI2dXRtX=
21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dX=
RtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzA=
xZDQ4ZDI4IiwibGlua19pZCI6MjMxODk3N30/8c40e89fa1102f3be4f645732a52e1bd2b48=
f55f69272075c74ca6b124ffb777" =
style=3D"text-decoration:underline;color:#d40000;">analysis</a> of Gap =
Inc.=E2=80=99s business, and <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvc3=
VzYW4tcGxhZ2VtYW5ucy13bWUtZXhpdC1tb3JlLXZvZ3VlLXN1Y2Nlc3Npb24tdGhlb3JpZXM=
vP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlc=
dTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlM=
jlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZX=
IuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZ=
jNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMzE2Mzc4fQ/4550e3efe1ddedcbc7990=
8cdfc502fa9a45f965042e03aeef786cf1f5e5f9891" =
style=3D"text-decoration:underline;color:#d40000;">scenes</a>
from the <strong>Susan Plagemann</strong>-WME =
divorce.<br/><em>and=E2=80=A6</em><br/><strong>Rachel Strugatz =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZ2=
9vcC1oZWFkcy10by11bHRhLW1hcnRoYS1zdGV3YXJ0cy1uZXctc2tpbmNhcmUtdmVudHVyZS8=
_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1=
MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyO=
Vx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci=
5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM=
2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIzMTgyNTl9/d05927b7d4cb1e0257c136d=
3ee8c6764f4fb1ec32c9faeea954fcc81fae294e0" =
style=3D"text-decoration:underline;color:#d40000;">compares</a> the =
agonies and ecstasies of <strong>Gwyneth Paltrow </strong>and =
<strong>Martha =
Stewart</strong>.<br/><em>meanwhile=E2=80=A6</em><br/><strong>Sarah =
Shapiro
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mva2=
hhaXRlLWhhcy10aHJpdmVkLXVuZGVyLXByaXZhdGUtZXF1aXR5LWNhbi1pdC1zdXJ2aXZlLWV=
4cGFuc2lvbi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYl=
MkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGM=
TYlMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT=
1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJ=
uYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIzMTcwNjV9/677a4ba47ee=
3d8718a56b6eff436ed9faa4a5ede277ad30875d6511a7c0c4b77" =
style=3D"text-decoration:underline;color:#d40000;">details</a> =
Khaite=E2=80=99s ascent.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-=
align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"font-size:1px;line-height:1px;border-top:1px solid #000;"><span =
style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;text-align:left;line-h=
eight:0;"><tbody><tr><td =
style=3D"vertical-align:middle;color:#000;font-family:'PuckSerifDispl=
ay','Georgia';font-size:20px;font-weight:700;text-align:left;=
">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:12px;"><img alt=3D"ART MARKET" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1729520868285_tbs-icon-art_01JAQQM732KCZHXS8XJBMTGS8Y.png" =
height=3D"auto" width=3D"48" align=3D"center" =
style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td =
style=3D"font-family:'PuckSerifDisplay','Georgia';font-si=
ze:20px;font-weight:700;color:#000;vertical-align:middle;letter-spacing:u=
ndefined;text-align:left;line-height:normal;">ART MARKET
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p =
style=3D"margin:0;"><strong>Marion Maneker</strong>
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdG=
hlLTUwLWhvdHRlc3QtYXJ0aXN0cy1pbi10aGUtbWlkZGxlLW1hcmtldC8_dXRtX2NhbXBhaWd=
uPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9jb250=
ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9tZ=
WRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV=
90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ=
0OGQyOCIsImxpbmtfaWQiOjIzMTgzNTJ9/2c5e6a6c6fc853dc2f283d78ad2c01a8ad7cd84=
fac491d53a3a8920475fd8c00" =
style=3D"text-decoration:underline;color:#d40000;">digs into</a> =
proprietary data on all the auction action under =
$500,000.<br/><em>and=E2=80=A6</em><br/><strong>Julie Davich </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdG=
hlLWJlc3QtbG90cy1mcm9tLW1vbnRlcmV5LWNhci13ZWVrLTIwMjUvP3V0bV9jYW1wYWlnbj1=
UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVu=
dD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fbWVka=
XVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdG=
VybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDh=
kMjgiLCJsaW5rX2lkIjoyMzE0MTEwfQ/92221b374ddeb60bd126faa22bd7aa08c114a1b6d=
201579489b4db36304ae294" =
style=3D"text-decoration:underline;color:#d40000;">goes shopping</a> for =
a $23 million McLaren.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-=
align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"font-size:1px;line-height:1px;border-top:1px solid #000;"><span =
style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;text-align:left;line-h=
eight:0;"><tbody><tr><td =
style=3D"vertical-align:middle;color:#000;font-family:'PuckSerifDispl=
ay','Georgia';font-size:20px;font-weight:700;text-align:left;=
">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:12px;"><img alt=3D"HOLLYWOOD" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1729520869111_tbs-icon-hollywood_01JAQQM7RNJPAHAYAT4JVP2FGA.png" =
height=3D"auto" width=3D"48" align=3D"center" =
style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td =
style=3D"font-family:'PuckSerifDisplay','Georgia';font-si=
ze:20px;font-weight:700;color:#000;vertical-align:middle;letter-spacing:u=
ndefined;text-align:left;line-height:normal;">HOLLYWOOD
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p =
style=3D"margin:0;"><strong>Matt Belloni</strong> <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LWVsbGlzb24tZG91YmxlZC1kb3duLW9uLXVmYy8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3R=
vcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNr=
c3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfY=
WN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNj=
E1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmt=
faWQiOjIzMTg0MDF9/ae07c60c615936a79e5584154dc356a7e26277d2a641124e95948fc=
ab1f5e1f1" =
style=3D"text-decoration:underline;color:#d40000;">explains</a> the =
profundity of Ellison=E2=80=99s $7.7 billion UFC play and <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LWRpZC1rcG9wLWRlbW9uLWh1bnRlcnMtZ28tc3RyYWlnaHQtdG8tc3RyZWFtaW5nLz91dG1=
fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODglMkYxNiUyRjI1JTI5XHUwMDI2=
dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODglMkYxNiUyRjI1JTI5XHUwM=
DI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXH=
UwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE=
1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjMxOTYyOH0/a1bc6df6798679d77b6273e6dbab=
4792184e46c28027a11f1de721e53ae3d443" =
style=3D"text-decoration:underline;color:#d40000;">laments</a> a Sony =
bag-fumbling.<br/><em>and=E2=80=A6</em><br/><strong>Scott Mendelson =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
hvLWdldHMtdGhlLWNyZWRpdC1mb3ItaG90LXdhcm5lci1icm9zLXN1bW1lci8_dXRtX2NhbXB=
haWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9j=
b250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0b=
V9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNn=
V0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDM=
wMWQ0OGQyOCIsImxpbmtfaWQiOjIzMTU4MDV9/035e0d3ab2223475b4269b4607e2577b180=
ae0d488ef9dc5f84e61039b3ffecd" =
style=3D"text-decoration:underline;color:#d40000;">divvies up</a> the =
credit for Warner
Bros.=E2=80=99s hot summer at the box =
office.<br/><em>and=E2=80=A6</em><br/><strong>Eriq Gardner</strong>, =
<strong>Ian Krietzberg</strong>, and <strong>Julia Alexander </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
lsbC1hbWVyaWNhLWxlYXJuLXRvLWxvdmUtYWktc2xvcC8_dXRtX2NhbXBhaWduPVRoZStCYWN=
rc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStC=
YWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1ha=
WxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2Yz=
YwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImx=
pbmtfaWQiOjIzMTcxODR9/648c6022c32e4b07c57143d8d07012e8ef431b928f8ef234016=
dc46032d4cb76" style=3D"text-decoration:underline;color:#d40000;">trade =
notes</a> on the perils of A.I. =
slop.<br/><em>meanwhile=E2=80=A6</em><br/>Julia Alexander <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaG=
93LWNhbi1wZWFjb2NrLXN0YW5kLW91dC1pbi1zdHJlYW1pbmcvP3V0bV9jYW1wYWlnbj1UaGU=
rQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1U=
aGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtP=
WVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT=
1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjg=
iLCJsaW5rX2lkIjoyMzE4NDQ1fQ/6e003b4f36926fa2ff36134fc1f34a25f0655d0c364c7=
e159ad27b432977be69" =
style=3D"text-decoration:underline;color:#d40000;">assesses</a>
the fate of Peacock.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-=
align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"font-size:1px;line-height:1px;border-top:1px solid #000;"><span =
style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;text-align:left;line-h=
eight:0;"><tbody><tr><td =
style=3D"vertical-align:middle;color:#000;font-family:'PuckSerifDispl=
ay','Georgia';font-size:20px;font-weight:700;text-align:left;=
">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:12px;"><img alt=3D"A.I." =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1750192320993_tbs-ai_01JXZSEWH3DSYQ0QETB525GJR3.png" height=3D"auto" =
width=3D"48" align=3D"center" style=3D"display:
block;height:auto;margin:0 auto;border:0;"/>
</td><td =
style=3D"font-family:'PuckSerifDisplay','Georgia';font-si=
ze:20px;font-weight:700;color:#000;vertical-align:middle;letter-spacing:u=
ndefined;text-align:left;line-height:normal;">A.I.
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p style=3D"margin:0;">Ian =
Krietzberg<strong>
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvY2=
hhcmFjdGVyYWlzLW5ldy1jZW8tb24tYWktc2FmZXR5LWFuZC1tb25ldGl6YXRpb24vP3V0bV9=
jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1=
dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwM=
jZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTV=
lM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMzE5MjI3fQ/ce026bb8757132b3bcf74e5299c31=
ba75752ca6e46ae34305bc76d957e339262" =
style=3D"text-decoration:underline;color:#d40000;">huddles up</a> with =
the Character.AI C.E.O. and <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaG=
FzLWdwdC01LXNoYXR0ZXJlZC10aGUtYWdpLWZhbnRhc3ktZm9yLWdvb2QvP3V0bV9jYW1wYWl=
nbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fY29u=
dGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fb=
WVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG=
1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDF=
kNDhkMjgiLCJsaW5rX2lkIjoyMzE3MDA3fQ/e49d3d8e1647c706fc53b553fd3a7436261d8=
398295e25906f51a2ead37154f5" =
style=3D"text-decoration:underline;color:#d40000;">sorts through</a> the =
GPT-5 wreckage.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-=
align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"font-size:1px;line-height:1px;border-top:1px solid #000;"><span =
style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;text-align:left;line-h=
eight:0;"><tbody><tr><td =
style=3D"vertical-align:middle;color:#000;font-family:'PuckSerifDispl=
ay','Georgia';font-size:20px;font-weight:700;text-align:left;=
">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:12px;"><img alt=3D"MEDIA" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1729520869437_tbs-icon-media_01JAQQM82TC2CJD5T3P72A68MN.png" =
height=3D"auto" width=3D"48" align=3D"center" =
style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td =
style=3D"font-family:'PuckSerifDisplay','Georgia';font-si=
ze:20px;font-weight:700;color:#000;vertical-align:middle;letter-spacing:u=
ndefined;text-align:left;line-height:normal;">MEDIA
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p =
style=3D"margin:0;"><strong>Dylan Byers </strong>perspicaciously
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LWZveC1uZXdzLWlzLWJldHRpbmctb24tdGhlLXJ1dGhsZXNzLXBvZGNhc3QvP3V0bV9jYW1=
wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1f=
Y29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1d=
G1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMj=
Z1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2Q=
zMDFkNDhkMjgiLCJsaW5rX2lkIjoyMzE4NDA1fQ/b27186305fef1fc9255385de9ac85e2de=
bbf72d51414263b1ed40148d3e6de3c" =
style=3D"text-decoration:underline;color:#d40000;">envisions</a> the =
dawn of a new media age.<br/><em>and=E2=80=A6</em><br/><strong>John =
Ourand </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
hhdHMtYmVoaW5kLWNicy1zcG9ydHMtcmVjZW50LXNob3BwaW5nLXNwcmVlLz91dG1fY2FtcGF=
pZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODglMkYxNiUyRjI1JTI5XHUwMDI2dXRtX2Nv=
bnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODglMkYxNiUyRjI1JTI5XHUwMDI2dXRtX=
21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dX=
RtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzA=
xZDQ4ZDI4IiwibGlua19pZCI6MjMxOTQ5MX0/40067752d85272a52549a26b4ef2648400b8=
7537e94dd8ac0ab4585942d49655" =
style=3D"text-decoration:underline;color:#d40000;">surveys</a> =
<strong>David Berson</strong>=E2=80=99s offensive at CBS Sports.<br/><em =
style=3D"background-color:transparent;">and=E2=80=A6<br/></em>Julia =
Alexander<strong>
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LXBhcmFtb3VudHMtdWZjLWRlYWwtbWFrZXMtc2Vuc2UtZm9yLWJvdGgtc2lkZXMvP3V0bV9=
jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1=
dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwM=
jZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTV=
lM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMzE3ODQ4fQ/4118fd2e48e92b6d2a9775450adc7=
d2fe72e8b86b820569c2ede7ebb369e0bcd" =
style=3D"text-decoration:underline;color:#d40000;">dissects</a> =
Paramount=E2=80=99s UFC-Sheridanverse strategy.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-=
align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"font-size:1px;line-height:1px;border-top:1px solid #000;"><span =
style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;text-align:left;line-h=
eight:0;"><tbody><tr><td =
style=3D"vertical-align:middle;color:#000;font-family:'PuckSerifDispl=
ay','Georgia';font-size:20px;font-weight:700;text-align:left;=
">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:12px;"><img alt=3D"WALL =
STREET" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1729520870551_tbs-icon-wall-street_01JAQQM95KYVHSVTE1SADVAXTS.png" =
height=3D"auto" width=3D"48" align=3D"center" =
style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td =
style=3D"font-family:'PuckSerifDisplay','Georgia';font-si=
ze:20px;font-weight:700;color:#000;vertical-align:middle;letter-spacing:u=
ndefined;text-align:left;line-height:normal;">WALL STREET
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p =
style=3D"margin:0;"><strong>Bill Cohan
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaX=
Mtd2FsbC1zdHJlZXQtbmV4dC1vbi10cnVtcHMtcmV0cmlidXRpb24tbGlzdC8_dXRtX2NhbXB=
haWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9j=
b250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0b=
V9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNn=
V0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDM=
wMWQ0OGQyOCIsImxpbmtfaWQiOjIzMTgxNjF9/60d7e02aaaaa334eac4e117eb774604f93a=
0ff13f659937a592ed6b313283d3b" =
style=3D"text-decoration:underline;color:#d40000;">captures</a> Wall =
Street=E2=80=99s anxiety about Trump reprisals.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-=
align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"font-size:1px;line-height:1px;border-top:1px solid #000;"><span =
style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;text-align:left;line-h=
eight:0;"><tbody><tr><td =
style=3D"vertical-align:middle;color:#000;font-family:'PuckSerifDispl=
ay','Georgia';font-size:20px;font-weight:700;text-align:left;=
">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:12px;"><img alt=3D"WASHINGTON" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1729520870794_tbs-icon-washington_01JAQQM9D691XMPJRQ226EDXSM.png" =
height=3D"auto" width=3D"48" align=3D"center" =
style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td =
style=3D"font-family:'PuckSerifDisplay','Georgia';font-si=
ze:20px;font-weight:700;color:#000;vertical-align:middle;letter-spacing:u=
ndefined;text-align:left;line-height:normal;">WASHINGTON
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p =
style=3D"margin:0;"><strong>Leigh Ann Caldwell</strong>
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvam=
9obi1jb3JueW5zLW1vbWVudC1vZi10cnV0aC8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3Rvcnk=
rLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3Rv=
cnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0a=
W9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZT=
NkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQ=
iOjIzMTQ4MTh9/644aad1cd6184e540d0b44c0862547328a1cbc61b05d16820a52739c6c1=
5f66e" style=3D"text-decoration:underline;color:#d40000;">spotlights</a> =
<strong>John Cornyn</strong>=E2=80=99s latest =
headache.<br/><em>and=E2=80=A6</em><br/><strong>Abby Livingston =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZ2=
9wLXRvd24taGFsbHMtaGVhdC11cC1vdmVyLWplZmZyZXktZXBzdGVpbi1maWxlcy8_dXRtX2N=
hbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0=
bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyN=
nV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MD=
AyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWU=
zZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIzMTU2OTF9/49c6245474766bd6b0043133328ffbe=
d2fe4079274b7750aede8b93b3fae39df" =
style=3D"text-decoration:underline;color:#d40000;">measures</a> the =
Epstein recess tremors.<br/><em>and=E2=80=A6</em><br/><strong>Julia =
Ioffe
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
hhdC10by1leHBlY3QtZnJvbS10aGUtdHJ1bXAtcHV0aW4tc3VtbWl0LWluLWFsYXNrYS8_dXR=
tX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAy=
NnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1M=
DAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1=
x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDY=
xNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIzMTkyNjl9/8e2e57df99ea40eb0a8ae6b4fb9=
4d7308fdd3424813354266f90ae12deb2d88f" =
style=3D"text-decoration:underline;color:#d40000;">imagines</a> the =
endgame in Ukraine.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-bottom:11px;padding-left:24px;padding-right:24px;paddin=
g-top:32px;vertical-align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"font-size:1px;line-height:1px;border-top:1px solid #000;"><span =
style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;text-align:left;line-h=
eight:0;"><tbody><tr><td =
style=3D"vertical-align:middle;color:#000;font-family:'PuckSerifDispl=
ay','Georgia';font-size:20px;font-weight:700;text-align:left;=
">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:12px;"><img alt=3D"PODCASTS" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1729520869698_tbs-icon-podcasts_01JAQQM8AY9NH956YXMPQWX3NY.png" =
height=3D"auto" width=3D"48" align=3D"center" =
style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td =
style=3D"font-family:'PuckSerifDisplay','Georgia';font-si=
ze:20px;font-weight:700;color:#000;vertical-align:middle;letter-spacing:u=
ndefined;text-align:left;line-height:normal;">PODCASTS
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p style=3D"margin:0;">Dylan =
and the <em>Ruthless </em>guys discuss the podcast-cable intersection on
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL2ZveC1nZXRzLXJ1dGhsZXNzLz91dG1fY2FtcGFpZ249VGhlK0JhY2t=
zdG9yeSstK0xFQURTKyUyODglMkYxNiUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0Jh=
Y2tzdG9yeSstK0xFQURTKyUyODglMkYxNiUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpb=
F9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNj=
A2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGl=
ua19pZCI6MjMxNjM4MH0/c14921c1cd7dbfa4edc7b1c7f0f934417663098d649945b98aa7=
770cfebb1a39" style=3D"text-decoration:underline;color:#d40000;"><em>The =
Grill Room</em></a>.<br/><em>and=E2=80=A6</em><br/>Axios=E2=80=99 =
<strong>Sara Fischer </strong>and Ourand predict the next sports media =
rights shoes to drop on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL2Etc3BvcnRzLXJpZ2h0cy1yb3lhbC1ydW1ibGUvP3V0bV9jYW1wYWl=
nbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fY29u=
dGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fb=
WVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG=
1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDF=
kNDhkMjgiLCJsaW5rX2lkIjoyMzE4MDc4fQ/5f21f3ca406cc2dde1c00d23e7aedf36cbf63=
378f740a0bf8514366174d63f02" =
style=3D"text-decoration:underline;color:#d40000;"><em>The =
Varsity</em></a>.<br/><em>and=E2=80=A6</em><br/>Lauren and =
<strong>Marisa Meltzer </strong>update the girlboss
discourse on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL3RoZS1naXJsYm9zcy1kaXNjb3Vyc2UvP3V0bV9jYW1wYWlnbj1UaGU=
rQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1U=
aGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtP=
WVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT=
1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjg=
iLCJsaW5rX2lkIjoyMzE2MzgxfQ/6cba33fb04695aac40669f44ce16d4025a73d73cb5142=
4ab6fe048e98191b641" =
style=3D"text-decoration:underline;color:#d40000;"><em>Fashion =
People</em></a>.<br/><em>and=E2=80=A6</em><br/><strong>John =
Heilemann</strong> and Rep. <strong>Robert Garcia </strong>game out =
Trump=E2=80=99s third-term strategy on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL3JvYmVydC1nYXJjaWEtdGhpbmdzLWFyZS1mdWNrZWQtdXAvP3V0bV9=
jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1=
dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwM=
jZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTV=
lM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMzE0ODE5fQ/90832ce3510856eac198a73d65fb5=
81d04d95fef6c620c1c3a7120995857aa1b" =
style=3D"text-decoration:underline;color:#d40000;"><em>Impolitic</em></a>=
.<br/><em>and=E2=80=A6</em><br/>Matt and the <em>Times</em>=E2=80=99s
<strong>Brooks Barnes </strong>break down <strong>Cindy =
Holland</strong>=E2=80=99s Par+ plans on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL3BhcmFtb3VudHMtbmV3LXBsYXlib29rLXVudmVpbGVkLWFuZC10aGU=
tdGF5bG9yLXN3aWZ0LXBvZGNhc3QtYm91bmNlLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9y=
eSstK0xFQURTKyUyODglMkYxNiUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzd=
G9yeSstK0xFQURTKyUyODglMkYxNiUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3=
Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTV=
lM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19p=
ZCI6MjMyMDUxN30/d682097b05b86108c43f6a82d0d5050e3faa3c91d4e89b128fe3164ad=
a7fabe2" style=3D"text-decoration:underline;color:#d40000;"><em>The =
Town</em></a>.<br/><em>and=E2=80=A6</em><br/><strong>Peter =
Hamby</strong> and Lauren reassess the cultural power of a good magazine =
cover on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL2RvLW1hZ2F6aW5lLWNvdmVycy1zdGlsbC1tYXR0ZXIvP3V0bV9jYW1=
wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1f=
Y29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1d=
G1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMj=
Z1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2Q=
zMDFkNDhkMjgiLCJsaW5rX2lkIjoyMzIwMDExfQ/2f7425996658df4a973c6e5b7271888da=
78161e316209e0969dca8cc78d03144" style=3D"text-decoration:
underline;color:#d40000;"><em>The Powers That Be</em></a>.</p></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:27px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p =
style=3D"margin:0;"><em>As a reminder, you can update your profile at =
any time to get more stories like these directly in your
inbox. <strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvbm=
V3c2xldHRlcnMvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE=
2JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUy=
RjE2JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY=
2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludG=
VybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoxNTZ9/90c843de22acab=
deefc94020d6884c99728f17ca4ff1d376d4f88479bd31cb01" target=3D"_blank" =
rel=3D"noopener" =
style=3D"text-decoration:underline;color:#d40000;">Click =
here</a></strong> to customize your email settings.</em></p></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:32px;"><div class=3D"r" align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" width=3D"30%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"font-size:1px;line-height:1px;border-top:2px solid =
#d40000;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:32px;padding-left:24px;padding-right:24px;text-al=
ign:center;width:100%;"><h3 =
style=3D"margin:0;color:#000000;direction:ltr;font-family:'PuckSerifD=
isplay','Georgia';font-size:24px;font-weight:400;letter-spaci=
ng:normal;line-height:1.2;text-align:center;margin-top:0;margin-bottom:0;=
mso-line-height-alt:29px;">Octagon With the Wind</h3>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:32px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p style=3D"margin:0;">On =
Monday morning, as a mid-August heat wave passed through the Northeast, =
I was texting with my partner
<strong>John Ourand </strong>about the lineup for the upcoming issue of =
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvbm=
V3c2xldHRlcnMvdGhlLXZhcnNpdHkvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEV=
BRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0r=
TEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1M=
DAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMW=
Q0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjo3NTQ=
4NjR9/ac5b2e0f93eb0357bf4bfefc7bc0ca66206b4f53b58964414fd661198b54f5cd" =
style=3D"text-decoration:underline;color:#d40000;">The Varsity</a>, his =
excellent private email on the sports business. One of the recent themes =
of John=E2=80=99s work has been the chill in league rights deals. After =
the NBA=E2=80=99s astonishing $76 billion, 11-year agreement with =
Comcast, Disney, and Amazon, a seemingly mild recession set in: ESPN =
broke up with Major League Baseball,
which has since struggled to find new partners at the same revenue tier, =
and even Formula 1 was hard pressed to bring bidders to the trough. (The =
league is allegedly closing in on a ~$150 million annual agreement with =
Apple TV+ for its U.S. rights.)<br/><br/>But it only takes a couple new =
data points to reset a market. Earlier this month, TKO=E2=80=99s WWE =
announced a historic five-year, $1.6 billion pact with Disney=E2=80=99s =
ESPN to air its Premium Live Events, like WrestleMania and the recently =
broadcast Summer Slam.
(Naturally, WWE president <strong>Nick Khan </strong>exclusively <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL25pY2sta2hhbi1vbi10aGUtd3dlLWVzcG4tZGVhbC8_dXRtX2NhbXB=
haWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9j=
b250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0b=
V9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNn=
V0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDM=
wMWQ0OGQyOCIsImxpbmtfaWQiOjIzMDkyODJ9/731360572f70f91a5ff07394dccb9ef31e2=
9c1d8d7af17c4dad090374b597d8a" =
style=3D"text-decoration:underline;color:#d40000;">conveyed</a> the =
genesis of the deal to John on the <em>Varsity </em>podcast.) And while =
we were trading notes on Monday morning, John surfaced the motherlode: =
Less than a week into his ownership of Paramount, the young mogul =
<strong>David Ellison </strong>had brokered a seven-year rights deal for =
UFC, TKO=E2=80=99s
<em>other</em> core business, for a staggering $7.7 billion. John told =
me he=E2=80=99d have the backstory by the afternoon, and we=E2=80=99d =
build The Varsity=E2=80=99s lineup around the news.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;border-bottom:1px solid #d40000;border-top:1px solid =
#d40000;padding-bottom:32px;padding-left:24px;padding-right:24px;padding-=
top:32px;
vertical-align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:left;mso-line-height-alt:20px;"><p style=3D"margin:0;">A =
MESSAGE FROM OUR SPONSOR</p></div>
</td></tr></tbody></table>
<table class=3D"j oq n5" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:16px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04xOTU3NjU5LjQyMzU5MjFQVUNLL0IzMzgyODIwOS40MjY=
xMzYwOTU7ZGNfdHJrX2FpZD02MTg3MzQ4OTM7ZGNfdHJrX2NpZD0yMzg1NjM5NzM7ZGNfbGF0=
PTtkY19yZGlkPTt0YWdfZm9yX2NoaWxkX2RpcmVjdGVkX3RyZWF0bWVudD07dGZ1YT07bHRkP=
TtkY190ZHY9MT91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODglMkYxNi=
UyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODglMkY=
xNiUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNl=
PWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlc=
m5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjMyMDUxOH0/26110b61c4=
ac7aecc93e6082ec0d14945fcd754481889a0c120a32b43a8d3aca" =
target=3D"_blank"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1755265262297_C156145_ENG_WAV_SNG_ORI_FYCP2_STATB_600X400_0_0-0-PUCK_01K=
2PZCRSDZR1FB0EW8S50G70Q.jpg" =
style=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" =
alt=3D"HBO Max" title=3D"HBO Max" height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table class=3D"j n" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;mso-hide:all;display:n=
one;max-height:0;overflow:hidden;"><tbody><tr><td =
style=3D"padding-bottom:16px;width:100%;"><div class=3D"r" =
align=3D"center"><div style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04xOTU3NjU5LjQyMzU5MjFQVUNLL0IzMzgyODIwOS40MjU=
3ODg4MDg7ZGNfdHJrX2FpZD02MTg3MzQ4OTM7ZGNfdHJrX2NpZD0yMzg1NjM5NzM7ZGNfbGF0=
PTtkY19yZGlkPTt0YWdfZm9yX2NoaWxkX2RpcmVjdGVkX3RyZWF0bWVudD07dGZ1YT07bHRkP=
TtkY190ZHY9MT91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODglMkYxNi=
UyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODglMkY=
xNiUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNl=
PWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlc=
m5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjMyMDUxOX0/84640ef4a9=
d46efdee3828449b3dab92b60cce1bdf8df7b10494b00806d65b26" =
target=3D"_blank"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1755265260074_C156146_ENG_WAV_SNG_ORI_FYCP2_STATB_600X700_0_0-0-PUCK_01K=
2PZCPMKMT7RZBA99K9PRC9N.jpg" =
style=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" =
alt=3D"HBO Max" title=3D"HBO Max" height=3D"auto"/></a></div></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.2=
;text-align:center;mso-line-height-alt:20px;"><p style=3D"margin:0;">For =
your consideration: Sponsors include HBO Max, presenting 100 FOOT WAVE. =
Nominated for 4 Primetime Emmys, Including Outstanding
Documentary or Non-Fiction Series. 100 Foot wave details surfing pioneer =
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</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-=
align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:32px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:17px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:left;mso-line-height-alt:26px;"><p style=3D"margin:0;">After =
the Ellison deal came across the transom, it broke Puck=E2=80=99s =
internal Richter scale. After all, this was
the sort of news event that encroached on <em>so many</em> power corners =
within our cinematic universe. My partners have been following =
Ellison=E2=80=99s pursuit of Paramount since <strong>Matt Belloni =
</strong>first broke the news more than a year and a half ago. The deal =
died with age, as you well know, only to be revived and nearly collapse =
several times more. Meanwhile, every vicissitude was eloquently =
chronicled in these digital pages by Matt, <strong>Bill Cohan</strong>, =
<strong>Dylan
Byers</strong>, <strong>Julia Alexander</strong>, <strong>Kim =
Masters</strong>, and, of course, John. Indeed, Ellison=E2=80=99s new =
project occupied the true intersection of Hollywood, finance, =
technology, legacy media, and sports=E2=80=94and, if we=E2=80=99re being =
honest, the role of primogeniture in the increasingly gilded American =
oligopoly.<br/><br/>Unsurprisingly, the Ellison deal became the true =
leitmotif of this week at Puck, and in the best possible way. As =
promised, John delivered a piece on Monday
afternoon, <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LWRhdmlkLWVsbGlzb24tc2hlbGxlZC1vdXQtZm9yLXVmYy1yaWdodHMvP3V0bV9jYW1wYWl=
nbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fY29u=
dGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1dG1fb=
WVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG=
1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDF=
kNDhkMjgiLCJsaW5rX2lkIjoyMzE1NjM2fQ/89eb5518f27ffa9d91879d3fc2d995cabda02=
1cd1b3c5b118d847c29b7526406" =
style=3D"text-decoration:underline;color:#d40000;"><em>Ellison Goes on =
Offense</em></a>, that traced the deal=E2=80=99s origins to a stray =
comment at The Sphere a year ago, back when Ellison=E2=80=99s Paramount =
conquest was far from certain. (What happens in Vegas=E2=80=A6) =
Subsequently, Matt published his own well-informed thesis, <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LWVsbGlzb24tZG91YmxlZC1kb3duLW9uLXVmYy8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3R=
vcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNr=
c3RvcnkrLStMRUFEUyslMjg4JTJGMTYlMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfY=
WN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNj=
E1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmt=
faWQiOjIzMTg0MDF9/ae07c60c615936a79e5584154dc356a7e26277d2a641124e95948fc=
ab1f5e1f1" style=3D"text-decoration:underline;color:
#d40000;"><em>Why Ellison Doubled Down on UFC</em></a>, which =
popularized the view that the deal was as much a statement as an actual =
broadcast agreement.<br/><br/>John even followed up with his own =
reported perspective on what this meant for CBS, which has long been a =
dormant participant in sports rights outside its core portfolio of golf, =
the NFL, and March Madness. In a masterstroke, <strong>Julia Alexander =
</strong>saw in the deal the true ambitions of Ellison=E2=80=99s plans =
for his streamer. Here=E2=80=99s
my favorite passage from her piece, <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdZc3ZlbTFsR2Z4R19MMWJRRUR6dz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LXBhcmFtb3VudHMtdWZjLWRlYWwtbWFrZXMtc2Vuc2UtZm9yLWJvdGgtc2lkZXMvP3V0bV9=
jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwMjZ1=
dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4OCUyRjE2JTJGMjUlMjlcdTAwM=
jZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTV=
lM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMzE3ODQ4fQ/4118fd2e48e92b6d2a9775450adc7=
d2fe72e8b86b820569c2ede7ebb369e0bcd" =
style=3D"text-decoration:underline;color:#d40000;"><em>Ellison, Ari =
& The Power of CBS</em></a>. =E2=80=9CUntil now, =
Par+=E2=80=99s=C2=A0 most engaging assets outside of the NFL had been =
the Taylor Sheridan-verse and <em>SpongeBob SquarePants</em>,=E2=80=9D =
Julia wrote. =E2=80=9CBut with the addition of UFC, we=E2=80=99re =
beginning to see a fuller picture of the streamer Ellison has in =
mind=E2=80=94a vaguely
<strong>Trump</strong>-inflected mix of fight nights, Sheridan=E2=80=99s =
cowboys, and CBS cop shows supplemented by popular reality fare =
(<em>Survivor, Amazing Race</em>) and studio hits. Indeed, research firm =
YouGov found that top overlapping interests for Paramount+ fans included =
Fox News and Jesus Christ.=E2=80=9D<br/><br/>I won=E2=80=99t build upon =
the tempting metaphorical opportunity, but Ellison=E2=80=99s vision for =
Paramount is becoming increasingly clear. In another media environment, =
a centibillionaire heir=E2=80=99s decision
to plunk down NFL money for a niche red state sport might have elicited =
groans from Midtown to Beverly Hills. But Ellison, with his massive war =
chest and retinue of high-profile advisors, is telegraphing that he will =
spend and cut his way to a Paramount remade for the new age of =
streaming=E2=80=94and impossibly expensive sports rights. Soon after =
they finish their long-awaited integration, with its promised billions =
in savings on =E2=80=9Cefficiencies,=E2=80=9D Ellison & Co. will =
have to turn their attention to
their MLB rights and their NFL renewal.<br/><br/>Meanwhile, murmurs =
abound regarding what they might buy next. Kim has already previewed a =
Warner Bros. deal. Last night, in What I=E2=80=99m Hearing, Matt =
surfaced the hypothesis, put forth by well-wired sources, that New =
Paramount might even take on the whole pre-split Warner Bros. Discovery =
=E2=80=9Cenchilada.=E2=80=9D All that=E2=80=99s certain is that =
Ellison=E2=80=99s journey will remake multiple industries at once. I say =
this often, but it has rarely been more true: This is one of the
great stories of our time, and precisely what you can expect to consume =
voraciously in Puck.</p></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:32px;"><div class=3D"r" align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" width=3D"30%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"font-size:1px;line-height:1px;border-top:2px solid =
#d40000;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
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style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
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