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Thanks for reading The Backstory, your weekly review of the best new work f=
rom Puck. It was another remarkable week: Eriq Gardner reported on David Bo=
ies=E2=80=99 potential $1 billion fee; Matt Belloni captured the agony arou=
nd Participant=E2=80=99s demise; Julia Alexander presaged Peacock=E2=80=99s=
M&A value; Lauren Sherman deciphered the Galliano mystery; Rachel Strugatz=
ran the numbers on a Jenner beauty empire.
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
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=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=
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=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=
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=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0
The Backstory ( https://puck.news/?utm_campaign=3DThe+Backstory+-+LEADS+%28=
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ium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28=
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PREVIEW VERSION
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Good morning,
Thanks for reading The Backstory, your weekly capsule of the best new work =
from Puck.
It was another remarkable week: Eriq Gardner reported on David Boies=E2=80=
=99 potential $1 billion fee; Matt Belloni captured the agony around Partic=
ipant=E2=80=99s demise; Julia Alexander presaged Peacock=E2=80=99s M&A valu=
e; Lauren Sherman deciphered the Galliano mystery; Rachel Strugatz ran the =
numbers on a Jenner beauty empire; Julia Ioffe penetrated the Bibi bunker; =
Bill Cohan revealed how The Jeffs might take over Paramount; Tina Nguyen pa=
rsed Marjorie Taylor Green=E2=80=99s ulterior motives; John Ourand scooped =
an ESPN personnel surprise; and Marion Maneker recounted a Sotheby=E2=80=99=
s debt soap opera.
Check out these stories, and others,
via the links below. And stick around for the backstory on how it all came =
together.
Learn More ( https://puck.news/join/?utm_campaign=3DThe+Backstory+-+LEADS+%=
284%2F20%2F24%29&utm_content=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_m=
edium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d=
28 )
A MESSAGE FROM OUR SPONSOR
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ckstory+-+LEADS+%284%2F20%2F24%29&utm_content=3DThe+Backstory+-+LEADS+%283%=
2F9%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df=
6c60615e3d301d48d28 )
FASHION:
Lauren Sherman reports on ( https://puck.news/can-john-galliano-go-home-aga=
in/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_content=3DTh=
e+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_source=
=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) the Galliano-LVMH boomeran=
g mystery.
and=E2=80=A6
Rachel Strugatz explains ( https://puck.news/kylie-beauty-konundrum/?utm_ca=
mpaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_content=3DThe+Backstor=
y+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer.=
io&utm_term=3Df6c60615e3d301d48d28 ) Kylie Jenner=E2=80=99s economic slowdo=
wn.
ART WORLD:
Marion Maneker reveals ( https://puck.news/wall-street-sothebys-debt-soap-o=
pera/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_content=3D=
The+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_source=
=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) Sotheby=E2=80=99s new busi=
ness model.
WALL STREET:
Bill Cohan breaks the news ( https://puck.news/paramount-sale-gerry-jeffs-c=
ome-for-shari-baby/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&=
utm_content=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_act=
ion&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) on RedBird a=
nd the Ellisons=E2=80=99 proposed Paramount deal structure.
and
Eriq Gardner tabulates ( https://puck.news/billionaire-boies-club/?utm_camp=
aign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_content=3DThe+Backstory+=
-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io=
&utm_term=3Df6c60615e3d301d48d28 ) David Boies=E2=80=99 $1 billion bill.
SILICON VALLEY:
Teddy Schleifer unearths ( https://puck.news/nicole-shanahan-persuasion-cam=
paign/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_content=
=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_sou=
rce=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) a Nicole Shanahan press=
ure campaign.
MEDIA:
John Ourand scrolls through ( https://puck.news/espn-norby-williamson-repla=
cement-search/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_c=
ontent=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&u=
tm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) ESPN=E2=80=99s No=
rby-replacement wish list.
and=E2=80=A6
Dylan Byers assesses ( https://puck.news/the-beast-and-the-brightest/?utm_c=
ampaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_content=3DThe+Backsto=
ry+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer=
=2Eio&utm_term=3Df6c60615e3d301d48d28 )=20=
the Joanna Coles-Ben Sherwood-Barry D=
iller marriage of
convenience.
HOLLYWOOD:
Matt Belloni answers the riddles ( https://puck.news/why-participant-media-=
shut-down/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_conte=
nt=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_s=
ource=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) surrounding the Parti=
cipant Media demise.
and=E2=80=A6
Julia Alexander deduces ( https://puck.news/peacocks-ma-endgame/?utm_campai=
gn=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_content=3DThe+Backstory+-+=
LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&u=
tm_term=3Df6c60615e3d301d48d28 ) the real virtue of NBCU=E2=80=99s Peacock =
experiment.
and=E2=80=A6
Scott Mendelson presents ( https://puck.news/2024-box-office-recovery-has-b=
een-pushed-to-2025/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&=
utm_content=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_act=
ion&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) a summer box=
office paradox.
WASHINGTON:
Tina Nguyen gauges ( https://puck.news/inside-the-marjorie-taylor-greene-ho=
use-mutiny/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_cont=
ent=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_=
source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) M.T.G.=E2=80=99s mad=
ness.
and=E2=80=A6
Julia Ioffe gets to the bottom ( https://puck.news/will-bibi-netanyahu-esca=
late-with-iran/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_=
content=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&=
utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) of the disconten=
t within Bibi=E2=80=99s security establishment.
and=E2=80=A6
Tara Palmeri unpacks ( https://puck.news/dark-money-on-the-edge-of-town/?ut=
m_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_content=3DThe+Back=
story+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_source=3Dcusto=
mer.io&utm_term=3Df6c60615e3d301d48d28 ) a G.O.P. dark money obsession whil=
e Peter Hamby breaks down ( https://puck.news/new-puck-echelon-poll-voters-=
are-tuned-in-but-not-turned-on/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2=
F20%2F24%29&utm_content=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=
=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) =
proprietary polling on Trump.
PODCASTS:
Matt and Accenture=E2=80=99s John Peters discuss Hollywood=E2=80=99s inabil=
ity to reinvent itself on The Town ( https://puck.news/podcast_episode/holl=
ywoods-struggle-to-reinvent-itself/?utm_campaign=3DThe+Backstory+-+LEADS+%2=
84%2F20%2F24%29&utm_content=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_me=
dium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d2=
8 ).
and=E2=80=A6
Tara and strategist Nathan Daschle weigh in on R.F.K.=E2=80=99s spoiler cha=
nces on Somebody=E2=80=99s Gotta Win ( https://puck.news/podcast_episode/20=
24-by-the-numbers-with-nathan-daschle/?utm_campaign=3DThe+Backstory+-+LEADS=
+%284%2F20%2F24%29&utm_content=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm=
_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d4=
8d28 ).
and=E2=80=A6
Peter and I discuss Shari Redstone=E2=80=99s falling knife on The
Powers That Be ( https://puck.news/podcast_episode/media-monday-another-tim=
es-scandal-sharis-board-mutiny/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2=
F20%2F24%29&utm_content=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=
=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ).
$(ad3_title) ( https://www.globalxetfs.com/funds/clip/?utm_source=3DPuck&ut=
m_medium=3DNative&utm_campaign=3DCLIP&utm_term=3DCLIP&utm_campaign=3DThe+Ba=
ckstory+-+LEADS+%284%2F20%2F24%29&utm_content=3DThe+Backstory+-+LEADS+%283%=
2F9%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df=
6c60615e3d301d48d28 )
The Art of the Deal
About nine months ago, a number of friends reached out to me, entirely unso=
licited, with the suggestion that I sign up for a newsletter called Artelli=
gence, written by Marion Maneker. What made the recommendation so notable, =
in fact, was that these pals=E2=80=94collectors, but not in any way the stu=
ffy sort=E2=80=94weren=E2=80=99t making a professional recommendation, even=
though Puck publishes more than a dozen private emails, including this one=
=2E Furthermore, they also knew that I=20=
was, to put it mildly, an art world ou=
tsider. It wasn=E2=80=99t as though Artelligence was going to preview an au=
ction lot that would force my bid. Instead, this crowd suggested I would si=
mply love the newsletter as a reader.
As members of Puck well know, my deepest interests lie less in subject area=
s, per se, and more in worlds, or =E2=80=9Ccinematic universes=E2=80=9D
as we say around here=E2=80=94spheres of influence with their own codes, cu=
stoms, business models, and usual suspects. And from my initial toe-dip int=
o Artelligence, I was overwhelmed by the richness of the world that Marion =
conveyed. He effortlessly detailed the trials and tribulations of the vario=
us fiefdoms and feudal systems that comprise what we conceptualize as =E2=
=80=9Cthe art world=E2=80=9D=E2=80=94the artists, sure, but even more so th=
e dealers, auction houses, advisors, marketers, strivers, hangers-on, and s=
o forth. And he performed this task in high style, with both a Trollopean w=
it and an old magazine hand=E2=80=99s commitment to fact, style, and analys=
is.
I had always envisioned the art world becoming a cornerstone of the larger =
Puck tableau. It is, after all, a thriving and complex marketplace that see=
ps deeply into our other power corners. My partner Bill Cohan=E2=80=99s ext=
raordinary recent series on Leon Black neatly captured the overlap. To wit:=
Black explains his
handshake deal with Jeffrey Epstein to sort out some family estate-planning=
matters by noting that he was both a ruthless negotiator and someone who c=
ould be, well, loosey-goosey with his cash on things that mattered, like hi=
s family or art. =E2=80=9CSo, I=E2=80=99m known to be a ruthless negotiator=
,=E2=80=9D he told Bill. =E2=80=9CA penny-pincher. Sharp elbows. All of the=
above. I=E2=80=99m also known to pay $50 million for a Raphael twice=E2=80=
=94not once, twice, two Raphaels.=E2=80=9D (People contain multitudes, I su=
ppose.)
Indeed, the overlaps are innumerable. Christie=E2=80=99s, of course, is own=
ed by Fran=C3=A7ois Pinault, the titan who oversees both Kering in the fash=
ion world and CAA in the entertainment business. The art market is the ulti=
mate proof that, as one scales the ladders of wealth and power, it=E2=80=99=
s all one world at the top.
Earlier this year, Marion and I chatted about the opportunity to bring his =
extraordinary work over to Puck. And earlier this month, we
concluded a deal to acquire Artelligence, which we=E2=80=99ve now rebranded=
as Wall Power. (Sign up here ( https://puck.news/newsletters/wall-power/?u=
tm_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_content=3DThe+Bac=
kstory+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_source=3Dcust=
omer.io&utm_term=3Df6c60615e3d301d48d28 ).) The Sotheby=E2=80=99s Debt Soap=
Opera ( https://puck.news/wall-street-sothebys-debt-soap-opera/?utm_campai=
gn=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_content=3DThe+Backstory+-+=
LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&u=
tm_term=3Df6c60615e3d301d48d28 ), his estimable debut, is perfect Puck catn=
ip. Marion explores a fascinating pivot in the venerable house=E2=80=99s bu=
siness model and pay structure, and connects it to the debt load burdening =
its owner, telecom baron Patrick Drahi. He also imagines what Sotheby=E2=80=
=99s competitors might be wondering as they lick their chops and contemplat=
e whether or not to
emulate the change. It=E2=80=99s a fabulous read, whether or not you=E2=80=
=99re the type to throw down $30 million for Basquiat=E2=80=99s 1982 The It=
alian Version of Popeye Has No Pork in His Diet at Phillips.
But if you only have time for one piece this weekend, I=E2=80=99d recommend=
an art world adjacent joint=E2=80=94Lauren Sherman=E2=80=99s brilliant sto=
ry Can Galliano Go Home Again? ( https://puck.news/can-john-galliano-go-hom=
e-again/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F24%29&utm_content=
=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=3Demail_action&utm_sou=
rce=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ). In the piece, Lauren w=
orks through the various rumors surrounding John Galliano=E2=80=99s potenti=
al return to LVMH, where his career began to ascend following his 1995 appo=
intment to Givenchy and then, of course, Dior. It=E2=80=99s a story about t=
he ruthless fashion business, to be sure, but also about relationships. In =
many ways, Galliano helped
elevate and validate Bernard Arnault=E2=80=99s high-margin luxury rollup ho=
ldingco, which now happens to be the largest company in Europe. (Depending,=
of course, on the quarterly appetite for Novo Nordisk=E2=80=99s Ozempic.) =
Will Arnault welcome him back and allow him to restore his old namesake bra=
nd? It=E2=80=99s a story of our time, and precisely what you should always =
expect from Puck.
Have a great weekend,
Jon
Puck ( https://puck.news/?utm_campaign=3DThe+Backstory+-+LEADS+%284%2F20%2F=
24%29&utm_content=3DThe+Backstory+-+LEADS+%283%2F9%2F24%29&utm_medium=3Dema=
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Need help? Review our FAQs
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Puck is published by Heat Media LLC. 227 W 17th St New York, NY 10011.
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<div style=3D"display: none; max-height: 0px; overflow: hidden;">Thanks f=
or reading The Backstory, your weekly review of the best new work from Puck=
=2E It was another remarkable week: E=
riq Gardner reported on David Boies=E2=
=80=99 potential $1 billion fee; Matt Belloni captured the agony around Par=
ticipant=E2=80=99s demise; Julia Alexander presaged Peacock=E2=80=99s M&=
;A value; Lauren Sherman deciphered the Galliano mystery; Rachel Strugatz r=
an the numbers on a Jenner beauty empire.
=20
=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=
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<td style=3D"line-height:0;font-size:0;"><a href=3D"https://email.pu=
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<p style=3D"margin: 0; color: #000000; font-size: 16px; line-hei=
ght: 30px; margin-top: 0; margin-bottom: 0;">Good morning,<br/><br/>Thanks =
for reading The Backstory, your weekly capsule of the best new work from Pu=
ck.<br/><br/>It was another remarkable week: <b>Eriq Gardner </b>reported o=
n <b>David Boies</b>=E2=80=99 potential <i>$1 billion </i>fee; <b>Matt Bell=
oni </b>captured the agony around Participant=E2=80=99s demise; <b>Julia Al=
exander </b>presaged Peacock=E2=80=99s M&A value; <b>Lauren Sherman </b=
>deciphered the <b>Galliano </b>mystery; <b>Rachel Strugatz</b> ran the num=
bers on a <b>Jenner</b> beauty empire; <b>Julia Ioffe </b>penetrated the <b=
>Bibi </b>bunker; <b>Bill Cohan </b>revealed how <b>The Jeffs </b>might tak=
e over Paramount; <b>Tina Nguyen </b>parsed <b>Marjorie Taylor Green</b>=E2=
=80=99s ulterior motives; <b>John Ourand </b>scooped an ESPN personnel surp=
rise; and <b>Marion Maneker</b> recounted a Sotheby=E2=80=99s debt soap ope=
ra.<br/><br/>Check out these stories, and others,
via the links below. And stick around for the backstory on how it all came =
together. <br/></p>
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<td style=3D"font-size: 14px; line-height: 17px; color: #8a=
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<br/><u><b><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z=
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8e7dac44db9d597079644f24d791b9" style=3D"color:#d40000;text-decoration:unde=
rline;font-weight:bold" class=3D"sdf">Explore CLIP </a></b></u> <a class=3D=
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<td style=3D"padding-bottom: 36px; color: #000000; font-size: 16p=
x; line-height: 30px; margin-top: 0; margin-bottom: 0;"><b>FASHION:</b><br/=
><b>Lauren Sherman </b><u><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF=
9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoia=
HR0cHM6Ly9wdWNrLm5ld3MvY2FuLWpvaG4tZ2FsbGlhbm8tZ28taG9tZS1hZ2Fpbi8_dXRtX2Nh=
bXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg0JTJGMjAlMkYyNCUyOVx1MDAyNnV0bV9=
jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgzJTJGOSUyRjI0JTI5XHUwMDI2dXRtX2=
1lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX=
3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4=
ZDI4IiwibGlua19pZCI6ODQ4NzEwfQ/11414d63e0a648900d57b9342aac3ce9516c2ca78c5c=
a6321d2c5466d7a6d0cc" style=3D"color:#d40000;text-decoration:none;font-weig=
ht:bold" class=3D"sdf">reports on</a></u> the <b>Galliano</b>-LVMH boomeran=
g mystery.<br/><i>and=E2=80=A6</i><br/><b>Rachel Strugatz </b><u><a href=3D=
"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdPLT=
VnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mva3lsaWUtYmVhd=
XR5LWtvbnVuZHJ1bS8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg0JTJG=
MjAlMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgzJTJ=
GOSUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPW=
N1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hb=
CI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6ODUxMzIxfQ/fb44ae092c18e2ca9=
2fa6ad87df363f36a9093acb46006a15923e972f8050c25" style=3D"color:#d40000;tex=
t-decoration:none;font-weight:bold" class=3D"sdf">explains</a></u> <b>Kylie=
Jenner</b>=E2=80=99s economic slowdown.<br/><br/><b>ART WORLD:</b><br/><b>=
Marion Maneker</b> <u><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZC=
I6ImRnVDJ4Z1lEQU5TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0c=
HM6Ly9wdWNrLm5ld3Mvd2FsbC1zdHJlZXQtc290aGVieXMtZGVidC1zb2FwLW9wZXJhLz91dG1f=
Y2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODQlMkYyMCUyRjI0JTI5XHUwMDI2dXR=
tX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODMlMkY5JTJGMjQlMjlcdTAwMjZ1dG=
1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1d=
G1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFk=
NDhkMjgiLCJsaW5rX2lkIjo4NTAyNTB9/5d03bec97a33d6702168202cac3e9ce6b506a001b3=
f136139ecf36d6fb916f4a" style=3D"color:#d40000;text-decoration:none;font-we=
ight:bold" class=3D"sdf">reveals</a></u> Sotheby=E2=80=99s new business mod=
el.<br/><br/><b>WALL STREET:</b><br/><b>Bill Cohan</b> <u><a href=3D"https:=
//email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdPLTVnUlRSc=
3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcGFyYW1vdW50LXNhbGUt=
Z2VycnktamVmZnMtY29tZS1mb3Itc2hhcmktYmFieS8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3R=
vcnkrLStMRUFEUyslMjg0JTJGMjAlMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3=
RvcnkrLStMRUFEUyslMjgzJTJGOSUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb=
25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2Qz=
MDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6ODU=
xMjU3fQ/42e4b5b93232f80a6ff261a44c12227eb7586c423b006b052ae0765ce45928e1" s=
tyle=3D"color:#d40000;text-decoration:none;font-weight:bold" class=3D"sdf">=
breaks the news</a></u> on RedBird and the<b> Ellisons</b>=E2=80=99 propose=
d Paramount deal structure.<br/><i>and </i><br/><b>Eriq Gardner </b><u><a h=
ref=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05L=
QUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYmlsbGl=
vbmFpcmUtYm9pZXMtY2x1Yi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMj=
g0JTJGMjAlMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslM=
jgzJTJGOSUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291=
cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnR=
lcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6ODQ5NTE0fQ/74efb908041=
ee556fe5a141a3f78190efb2703a47a5cc8030f5341996b7ec12e" style=3D"color:#d400=
00;text-decoration:none;font-weight:bold" class=3D"sdf">tabulates</a></u> <=
b>David Boies</b>=E2=80=99 $1 billion bill. <br/><br/><b>SILICON VALLEY:</b=
><br/><b>Teddy Schleifer </b><u><a href=3D"https://email.puck.news/e/c/eyJl=
bWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmV=
mIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvbmljb2xlLXNoYW5haGFuLXBlcnN1YXNpb24tY2FtcGFpZ2=
4vP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4NCUyRjIwJTJGMjQlMjlcd=
TAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MyUyRjklMkYyNCUyOVx1=
MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x=
1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNW=
UzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjg1MDM3NX0/52b8fae5001cb1c974352a442725a3ab7=
d5453999de8ae0ac6ae12ecef07bf6e" style=3D"color:#d40000;text-decoration:non=
e;font-weight:bold" class=3D"sdf">unearths</a></u> a <b>Nicole Shanahan </b=
>pressure campaign.<br/><br/><b>MEDIA:</b><br/><b>John Ourand </b><u><a hre=
f=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQU=
dPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZXNwbi1ub=
3JieS13aWxsaWFtc29uLXJlcGxhY2VtZW50LXNlYXJjaC8_dXRtX2NhbXBhaWduPVRoZStCYWNr=
c3RvcnkrLStMRUFEUyslMjg0JTJGMjAlMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWN=
rc3RvcnkrLStMRUFEUyslMjgzJTJGOSUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3=
Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM=
2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6=
ODUzMDEwfQ/839314ad12612c8781b924f7dc8a98c23a3ef1da34b0ebd6e28eda08be80ccef=
" style=3D"color:#d40000;text-decoration:none;font-weight:bold" class=3D"sd=
f">scrolls through</a></u> ESPN=E2=80=99s <b>Norby</b>-replacement wish lis=
t.<br/><i>and=E2=80=A6</i><br/><b>Dylan Byers </b><u><a href=3D"https://ema=
il.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdPLTVnUlRSc3ZHbm=
M4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdGhlLWJlYXN0LWFuZC10aGUtY=
nJpZ2h0ZXN0Lz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODQlMkYyMCUy=
RjI0JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODMlMkY5JTJ=
GMjQlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG=
9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZ=
jZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjo4NTE3Nzl9/bab35349806abf8f01ebd50=
d2322d816626418b1b474c7d12aa9ea90c756bc8e" style=3D"color:#d40000;text-deco=
ration:none;font-weight:bold" class=3D"sdf">assesses</a></u> the <b>Joanna =
Coles</b>-<b>Ben Sherwood</b>-<b>Barry Diller </b>marriage of
convenience.<br/><br/><b>HOLLYWOOD:</b><br/><b>Matt Belloni </b><u><a href=
=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUd=
PLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2h5LXBhcn=
RpY2lwYW50LW1lZGlhLXNodXQtZG93bi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMR=
UFEUyslMjg0JTJGMjAlMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStM=
RUFEUyslMjgzJTJGOSUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ=
1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMj=
giLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6ODUzODI5fQ/6d=
4a1ebea2e4e665f1bf685f2dbab095d4ba0c9fe1d611381425d8d0e6f5f78d" style=3D"co=
lor:#d40000;text-decoration:none;font-weight:bold" class=3D"sdf">answers th=
e riddles</a></u> surrounding the Participant Media demise.<br/><i>and=E2=
=80=A6</i><br/><b>Julia Alexander </b><u><a href=3D"https://email.puck.news=
/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT=
0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcGVhY29ja3MtbWEtZW5kZ2FtZS8_dXRtX2Nhb=
XBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg0JTJGMjAlMkYyNCUyOVx1MDAyNnV0bV9j=
b250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgzJTJGOSUyRjI0JTI5XHUwMDI2dXRtX21=
lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3=
Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4Z=
DI4IiwibGlua19pZCI6ODUwMjkyfQ/6d22b2ba6603c2403cb464febec58d6fcefd060c11513=
ec4949dcb34fc42f34a" style=3D"color:#d40000;text-decoration:none;font-weigh=
t:bold" class=3D"sdf">deduces</a></u> the real virtue of NBCU=E2=80=99s Pea=
cock experiment.<br/><i>and=E2=80=A6</i><br/><b>Scott Mendelson </b><u><a h=
ref=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05L=
QUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvMjAyNC1=
ib3gtb2ZmaWNlLXJlY292ZXJ5LWhhcy1iZWVuLXB1c2hlZC10by0yMDI1Lz91dG1fY2FtcGFpZ2=
49VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODQlMkYyMCUyRjI0JTI5XHUwMDI2dXRtX2NvbnRlb=
nQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODMlMkY5JTJGMjQlMjlcdTAwMjZ1dG1fbWVkaXVt=
PWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1=
mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLC=
JsaW5rX2lkIjo4NDk4MDl9/86ea0ecdb88c45b8074d586ec388ef9ba0924b7861ce12e8b1b0=
9fc8f8e8a902" style=3D"color:#d40000;text-decoration:none;font-weight:bold"=
class=3D"sdf">presents</a></u> a summer box office paradox.<br/><br/><b>WA=
SHINGTON:</b><br/><b>Tina Nguyen </b><u><a href=3D"https://email.puck.news/=
e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0=
iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaW5zaWRlLXRoZS1tYXJqb3JpZS10YXlsb3ItZ3=
JlZW5lLWhvdXNlLW11dGlueS8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslM=
jg0JTJGMjAlMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUysl=
MjgzJTJGOSUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc29=
1cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbn=
Rlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6ODUxNDc4fQ/4bb937bb5a=
5ead65c8b896a53f7ed745ef95ea729f2a7e2c11243e93574fba15" style=3D"color:#d40=
000;text-decoration:none;font-weight:bold" class=3D"sdf">gauges</a></u> <b>=
M.T.G.</b>=E2=80=99s madness.<br/><i>and=E2=80=A6</i><br/><b>Julia Ioffe </=
b><u><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5=
TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3=
Mvd2lsbC1iaWJpLW5ldGFueWFodS1lc2NhbGF0ZS13aXRoLWlyYW4vP3V0bV9jYW1wYWlnbj1Ua=
GUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4NCUyRjIwJTJGMjQlMjlcdTAwMjZ1dG1fY29udGVudD1U=
aGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MyUyRjklMkYyNCUyOVx1MDAyNnV0bV9tZWRpdW09ZW1=
haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2Yz=
YwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpb=
mtfaWQiOjg0OTYwMH0/c82e4439ab7a8d624998bd68745adc12bde11e326f7b1c5b4f5a1149=
b351561b" style=3D"color:#d40000;text-decoration:none;font-weight:bold" cla=
ss=3D"sdf">gets to the bottom</a></u> of the discontent within <b>Bibi</b>=
=E2=80=99s security establishment.<br/><i>and=E2=80=A6</i><br/><b>Tara Palm=
eri </b><u><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z=
1lEQU5TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNr=
Lm5ld3MvZGFyay1tb25leS1vbi10aGUtZWRnZS1vZi10b3duLz91dG1fY2FtcGFpZ249VGhlK0J=
hY2tzdG9yeSstK0xFQURTKyUyODQlMkYyMCUyRjI0JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0=
JhY2tzdG9yeSstK0xFQURTKyUyODMlMkY5JTJGMjQlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX=
2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYx=
NWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2l=
kIjo4NTM0MzJ9/7fdac43f4e07056b7948c9cec6be3bc93600cddaa5576f73beb94efbdcbcc=
bca" style=3D"color:#d40000;text-decoration:none;font-weight:bold" class=3D=
"sdf">unpacks</a></u> a G.O.P. dark money obsession while <b>Peter Hamby </=
b><u><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5=
TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3=
MvbmV3LXB1Y2stZWNoZWxvbi1wb2xsLXZvdGVycy1hcmUtdHVuZWQtaW4tYnV0LW5vdC10dXJuZ=
WQtb24vP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4NCUyRjIwJTJGMjQl=
MjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MyUyRjklMkYyNCU=
yOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci=
5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2M=
DYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjg1MDg1MH0/5645c355081af329a409f39a8fcf=
4d97a234157bb2b9f4ee07d8d5eefc9f9979" style=3D"color:#d40000;text-decoratio=
n:none;font-weight:bold" class=3D"sdf">breaks down</a></u> proprietary poll=
ing on <b>Trump</b>.<br/><br/><b>PODCASTS:</b><br/>Matt and Accenture=E2=80=
=99s <b>John Peters </b>discuss Hollywood=E2=80=99s inability to reinvent i=
tself on <u><i><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnV=
DJ4Z1lEQU5TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9w=
dWNrLm5ld3MvcG9kY2FzdF9lcGlzb2RlL2hvbGx5d29vZHMtc3RydWdnbGUtdG8tcmVpbnZlbnQ=
taXRzZWxmLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODQlMkYyMCUyRj=
I0JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODMlMkY5JTJGM=
jQlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9t=
ZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZ=
jNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjo4NTQ1NDV9/adb26f93dc0e5f8e6c5734618=
817ad3b5c12a1018a1c9a892a291a5e7223cbf2" style=3D"color:#d40000;text-decora=
tion:none;font-weight:bold" class=3D"sdf">The Town</a></i></u>.<br/><i>and=
=E2=80=A6</i><br/>Tara and strategist <b>Nathan Daschle </b>weigh in on <b>=
R.F.K.</b>=E2=80=99s spoiler chances on <i><u><a href=3D"https://email.puck=
=2Enews/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3Nnb=
jVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG9kY2FzdF9lcGlzb2RlLzIwMjQtYnkt=
dGhlLW51bWJlcnMtd2l0aC1uYXRoYW4tZGFzY2hsZS8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3R=
vcnkrLStMRUFEUyslMjg0JTJGMjAlMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3=
RvcnkrLStMRUFEUyslMjgzJTJGOSUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb=
25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2Qz=
MDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6ODU=
yMTA4fQ/f7346ee5d10ba0e79981a19a6d42c7b87abb651ddec596dc46838fc47cd2b8e0" s=
tyle=3D"color:#d40000;text-decoration:none;font-weight:bold" class=3D"sdf">=
Somebody=E2=80=99s Gotta Win</a></u>.</i><br/><i>and=E2=80=A6</i><br/>Peter=
and I discuss <b>Shari Redstone</b>=E2=80=99s falling knife on <u><i><a hr=
ef=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQ=
UdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG9kY2Fz=
dF9lcGlzb2RlL21lZGlhLW1vbmRheS1hbm90aGVyLXRpbWVzLXNjYW5kYWwtc2hhcmlzLWJvYXJ=
kLW11dGlueS8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg0JTJGMjAlMk=
YyNCUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgzJTJGOSUyR=
jI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3Rv=
bWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY=
2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6ODQ4NTY0fQ/9daa9448a950f1d6484bf4e=
e12476edefde6e74b8635a5f22baa5445acc7c559" style=3D"color:#d40000;text-deco=
ration:none;font-weight:bold" class=3D"sdf">The
Powers That Be</a></i></u>.<br/></td>
</tr>
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<td align=3D"center" style=3D"padding-bottom: 15px;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D=
"w100pct" role=3D"presentation" style=3D"width: 100%; border-top: 3px solid=
#BBBBBB; border-bottom: 3px solid #BBBBBB; " width=3D"100%">
<tbody><tr>
<td align=3D"center" style=3D"padding: 16px 0;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=
=3D"w100pct" role=3D"presentation" style=3D"width: 100%;" width=3D"100%">
<tbody><tr>
=20
</tr>
<tr>
<td><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6=
ImRnVDJ4Z1lEQU5TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM=
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presentation" style=3D"width: 250px;" width=3D"250">
<tbody><tr>
<td align=3D"center" style=3D"font-size:20px; line-height:34px=
; border-top:0px solid #d40000; padding: 24px 0;"><b>The Art of the Deal</b=
></td>
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<tr class=3D"replica" name=3D"s6">
<td style=3D"padding-bottom: 36px; color: #000000; font-size: 16p=
x; line-height: 30px; margin-top: 0; margin-bottom: 0;">About nine months a=
go, a number of friends reached out to me, entirely unsolicited, with the s=
uggestion that I sign up for a newsletter called Artelligence, written by <=
b>Marion Maneker</b>. What made the recommendation so notable, in fact, was=
that these pals=E2=80=94<i>collectors</i>, but not in any way the stuffy s=
ort=E2=80=94weren=E2=80=99t making a professional recommendation, even thou=
gh Puck publishes more than a dozen private emails, including this one. Fur=
thermore, they also knew that I was, to put it mildly, an art world <i>outs=
ider</i>. It wasn=E2=80=99t as though Artelligence was going to preview an =
auction lot that would force my bid. Instead, this crowd suggested I would =
simply love the newsletter as a reader.<br/><br/>As members of Puck well kn=
ow, my deepest interests lie less in subject areas, <i>per se</i>, and more=
in worlds, or =E2=80=9Ccinematic universes=E2=80=9D
as we say around here=E2=80=94spheres of influence with their own codes, cu=
stoms, business models, and usual suspects. And from my initial toe-dip int=
o Artelligence, I was overwhelmed by the richness of the world that Marion =
conveyed. He effortlessly detailed the trials and tribulations of the vario=
us fiefdoms and feudal systems that comprise what we conceptualize as =E2=
=80=9Cthe art world=E2=80=9D=E2=80=94the artists, sure, but even more so th=
e dealers, auction houses, advisors, marketers, strivers, hangers-on, and s=
o forth. And he performed this task in high style, with both a Trollopean w=
it and an old magazine hand=E2=80=99s commitment to fact, style, and analys=
is. <br/><br/>I had always envisioned the art world becoming a cornerstone =
of the larger Puck tableau. It is, after all, a thriving and complex market=
place that seeps deeply into our other power corners. My partner <b>Bill Co=
han</b>=E2=80=99s extraordinary recent series on <b>Leon Black</b> neatly c=
aptured the overlap. To wit: Black explains his
handshake deal with <b>Jeffrey Epstein </b>to sort out some family estate-p=
lanning matters by noting that he was both a ruthless negotiator and someon=
e who could be, well, loosey-goosey with his cash on things that mattered, =
like his family or art. =E2=80=9CSo, I=E2=80=99m known to be a <i>ruthless<=
/i> negotiator,=E2=80=9D he told Bill. =E2=80=9CA penny-pincher. Sharp elbo=
ws. All of the above. I=E2=80=99m also known to pay $50 million for a Rapha=
el <i>twice</i>=E2=80=94not once, twice, two Raphaels.=E2=80=9D (People con=
tain multitudes, I suppose.) <br/><br/>Indeed, the overlaps are innumerable=
=2E Christie=E2=80=99s, of course, is ow=
ned by <b>Fran=C3=A7ois Pinault</b>,=20=
the titan who oversees both Kering in the fashion world and CAA in the ente=
rtainment business. The art market is the ultimate proof that, as one scale=
s the ladders of wealth and power, it=E2=80=99s all one world at the top.<b=
r/><br/>Earlier this year, Marion and I chatted about the opportunity to br=
ing his extraordinary work over to Puck. And earlier this month, we
concluded a deal to acquire Artelligence, which we=E2=80=99ve now rebranded=
as Wall Power. (<u><b><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZ=
CI6ImRnVDJ4Z1lEQU5TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmIjoiaHR0=
cHM6Ly9wdWNrLm5ld3MvbmV3c2xldHRlcnMvd2FsbC1wb3dlci8_dXRtX2NhbXBhaWduPVRoZSt=
CYWNrc3RvcnkrLStMRUFEUyslMjg0JTJGMjAlMkYyNCUyOVx1MDAyNnV0bV9jb250ZW50PVRoZS=
tCYWNrc3RvcnkrLStMRUFEUyslMjgzJTJGOSUyRjI0JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpb=
F9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2=
MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19=
pZCI6ODQ0NjI0fQ/bbea6e3094ab59380bfbb9d64dac446969dba69c6759ea771a60c187b2c=
b43b1" style=3D"color:rgb(212, 0, 0);text-decoration:none;font-weight:bold"=
class=3D"sdf">Sign up here</a></b></u>.) <u><b><i><a href=3D"https://email=
=2Epuck.news/e/c/eyJlbWFpbF9pZCI6ImRnVD=
J4Z1lEQU5TTktOT05LQUdPLTVnUlRSc3ZHbmM4=
a3NnbjVfVT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2FsbC1zdHJlZXQtc290aGVieXM=
tZGVidC1zb2FwLW9wZXJhLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyOD=
QlMkYyMCUyRjI0JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyO=
DMlMkY5JTJGMjQlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3Vy=
Y2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGV=
ybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjo4NTAyNTB9/5d03bec97a33d=
6702168202cac3e9ce6b506a001b3f136139ecf36d6fb916f4a" style=3D"color:rgb(212=
, 0, 0);text-decoration:none;font-weight:bold" class=3D"sdf">The Sotheby=E2=
=80=99s Debt Soap Opera</a></i></b></u>, his estimable debut, is perfect Pu=
ck catnip. Marion explores a fascinating pivot in the venerable house=E2=80=
=99s business model and pay structure, and connects it to the debt load bur=
dening its owner, telecom baron <b>Patrick Drahi</b>. He also imagines what=
Sotheby=E2=80=99s competitors might be wondering as they lick their chops =
and contemplate whether or not to
emulate the change. It=E2=80=99s a fabulous read, whether or not you=E2=80=
=99re the type to throw down $30 million for <b>Basquiat</b>=E2=80=99s 1982=
<i>The Italian Version of Popeye Has No Pork in His Diet </i>at Phillips. =
<br/><br/>But if you only have time for one piece this weekend, I=E2=80=99d=
recommend an art world adjacent joint=E2=80=94<b>Lauren Sherman</b>=E2=80=
=99s brilliant story <b><i><u><a href=3D"https://email.puck.news/e/c/eyJlbW=
FpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdPLTVnUlRSc3ZHbmM4a3NnbjVfVT0iLCJocmVmI=
joiaHR0cHM6Ly9wdWNrLm5ld3MvY2FuLWpvaG4tZ2FsbGlhbm8tZ28taG9tZS1hZ2Fpbi8_dXRt=
X2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg0JTJGMjAlMkYyNCUyOVx1MDAyNnV=
0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgzJTJGOSUyRjI0JTI5XHUwMDI2dX=
RtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2d=
XRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAx=
ZDQ4ZDI4IiwibGlua19pZCI6ODQ4NzEwfQ/11414d63e0a648900d57b9342aac3ce9516c2ca7=
8c5ca6321d2c5466d7a6d0cc" style=3D"color:rgb(212, 0, 0);text-decoration:non=
e;font-weight:bold" class=3D"sdf">Can Galliano Go Home Again?</a></u></i></=
b>. In the piece, Lauren works through the various rumors surrounding <b>Jo=
hn Galliano</b>=E2=80=99s potential return to LVMH, where his career began =
to ascend following his 1995 appointment to Givenchy and then, of course, D=
ior. It=E2=80=99s a story about the ruthless fashion business, to be sure, =
but also about relationships. In many ways, Galliano helped
elevate and validate <b>Bernard Arnault</b>=E2=80=99s high-margin luxury ro=
llup holdingco, which now happens to be the largest company in Europe. (Dep=
ending, of course, on the quarterly appetite for Novo Nordisk=E2=80=99s Oze=
mpic.) Will Arnault welcome him back and allow him to restore his old names=
ake brand? It=E2=80=99s a story of our time, and precisely what you should =
always expect from Puck.<br/><br/>Have a great weekend,<br/>Jon<br/></td>
</tr>
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