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Thanks for reading The Backstory, your weekly capsule of the best new work
at Puck. It was another fabulous week: Matt Belloni rolled his eyes at the
HBO Max “rebrand”; Kim Masters revisited Tom Cruise’s career death and
revival; Eriq Gardner considered Jon Voight’s plan to save Hollywood; Julia
Alexander evaluated Zaz’s post-NBA vision; Dylan Byers broke down the
Original Sin fallout.
May 17, 2025
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PREVIEW VERSION
Start a free 14-day trial to unlock unlimited access to Puck.
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Jon Kelly
Good morning,
Thanks for reading The Backstory, your weekly capsule of the best new work
at Puck.
It was another fabulous week: Matt Belloni rolled his eyes at the HBO Max
“rebrand”; Kim Masters revisited Tom Cruise’s career death and revival; Eriq
Gardner considered Jon Voight’s plan to save Hollywood; Julia Alexander
evaluated Zaz’s post-NBA vision; Dylan Byers broke down the Original Sin
fallout; John Ourand diagnosed the tariff-induced paralysis at the upfronts;
Lauren Sherman pondered the Arnaults’ Trump genuflection; Rachel Strugatz
took the pulse of the beauty M&A market; Sarah Shapiro assessed the
economics of a hot new mom brand; Marion Maneker surveyed the gigaweek art
sales; and Julie Davich measured the Magritte deal heat.
Meanwhile, Julia Ioffe investigated a State Department micro-scandal; Peter
Hamby revealed some depressing new data for Dems; and Abby Livingston
checked on the progress of Trump’s “big, beautiful bill.”
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
A MESSAGE FROM OUR SPONSOR
John Deere, an American blacksmith and inventor, founded our company in 1837
in Grand Detour, Illinois. We're proud to have helped build America over the
past two centuries by supporting farmers, ranchers, and construction crews —
equipping them to feed, clothe, pave, plant, grow, harvest, and build our
country from the ground up. Literally. We look forward to carrying forward
our founder’s legacy of ingenuity as we continue building – and investing
in – America. We were born here, and we’re here to stay.
Learn how we’re moving America forward.
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FASHION
Lauren Sherman digs into Bernard Arnault’s four-dimensional Trump
negotiating chess.
and…
Sarah Shapiro inspects Donni’s growth plans while Rachel Strugatz dissects
an $880 million beauty deal.
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ART MARKET
Marion Maneker combs through Sotheby’s and Phillips’ big sales.
and…
Julie Brener Davich captures the nuance of the surrealist market.
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HOLLYWOOD
Matt Belloni offers his readout from the upfronts and digests Zaz’s latest
pivot.
and…
Kim Masters recalls how Tom Cruise got his groove back.
meanwhile…
Eriq Gardner foreshadows a potential regulatory blockbuster.
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MEDIA
Dylan Byers gets to the bottom of a Jake Tapper–Hunter Biden beef.
and…
Julia Alexander deciphers Zaz’s sports media rights strategy.
meanwhile…
John Ourand examines the chilling effect of tariffs on the upfronts.
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WALL STREET
Bill Cohan presages the next steps in the Saks debt crisis.
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WASHINGTON
Julia Ioffe details a tie-related Foggy Bottom scandalette.
and…
Peter Hamby reveals some brutal new data on the Democratic Party.
meanwhile…
Abby Livingston chronicles the latest Hill headaches due to the “big,
beautiful bill.”
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PODCASTS
Jeff Collins, Fox’s head of ad sales, joins Dylan on The Grill Room.
and…
John and Sara Fischer chew over ESPN’s streaming strategy on The Varsity.
and…
James Scully, the longtime casting director, and Lauren discuss the
evolution of the fashion industry on Fashion People.
and…
John Heilemann and former Republican congressman David Jolly trade notes on
Trump’s new, $400 million plane on Impolitic.
and…
Matt hosts YouTube C.E.O. Neal Mohan to dissect the platform’s Hollywood
ambitions on The Town.
and…
Peter and Abby preview the new Biden book 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.
It’s Not Max, It’s HBO
Members of my generation—the so-called geriatric Millennials—are, in many
ways, the middle children of the culture. We grew up in a world shaped by
the institutions of the Boomers, and yet we were just coming of age when
everything started changing all at once. I was in college during 9/11, the
dawn of Napster, and the nascent rivalry between Facebook and Myspace (the
less said about Friendster the better). I graduated on a sweltering May
afternoon, in 2004, when Google was preparing the road show for its I.P.O.
Even if we didn’t have the circumspection or life experience to articulate
what we were seeing around us, the fin de siècle generation sure understood
that the world was shifting under our feet faster than our forebearers could
grasp. Another one of the hallmarks of that era, of course, was
HBO—definitively the most influential cultural brand on the planet.
A MESSAGE FROM OUR SPONSOR
John Deere, an American blacksmith and inventor, founded our company in 1837
in Grand Detour, Illinois. We're proud to have helped build America over the
past two centuries by supporting farmers, ranchers, and construction crews —
equipping them to feed, clothe, pave, plant, grow, harvest, and build our
country from the ground up. Literally. We look forward to carrying forward
our founder’s legacy of ingenuity as we continue building – and investing
in – America. We were born here, and we’re here to stay.
Learn how we’re moving America forward.
Everyone already knows this, but HBO’s run during the late ’90s and early
aughts was unparalleled in its innovation and sheer excellence: not only The
Sopranos and Sex and the City, but also The Wire, Oz, Six Feet Under, Curb,
and even Arliss. In addition to the extraordinary slate, it was a
beautifully managed business. HBO garnered extraordinary subscriber fees and
retention rates by promising a couple of brilliant original series per
quarter and otherwise filling its pipes with Pay 1 movies, boxing, original
documentaries, etcetera. I’m simplifying here, but you get the idea.
Alas, the consensual hallucinations of the Big Tech era—fueled by cheap
cash, hyperactive growth, and the preponderance of both social and
mobile—led various corporate overlords to try to inflate HBO from a network
and brand into a veritable platform of its own. After the WarnerMedia assets
were acquired by AT&T, HBO was led on a forced march to become another
Netflix—more content, less prestige, and pronto. After AT&T forked over the
Warner assets to David Zaslav’s Discovery Communications as part of his
publicly traded L.B.O., the industrial thesis was clear: HBO content would
be a hood ornament atop the teeming and low-calorie Discovery reality
portfolio—Dr. Pimple Popper, Guy Fieri, etcetera—on the path to inevitable
streaming glory. In a memorable indignity, Zaz changed the name of his
streaming service from HBO Max to simply Max, as if the company was worried
that a sterling reputation would decrease the TAM of the My 600-lb Life
crowd.
This week, of course, Zaz renamed the service HBO Max—the latest volte-face
for a company that has had as difficult a time predicting its future as
executing against it. A pair of excellent Puck pieces help articulate this
journey and explain both what was lost as well as what lies ahead. In The
Unofficial ’25 TV Upfront Awards, Matt Belloni expertly assessed the true
meaning behind the name change. “It’s a very big deal to admit, two years
after smashing HBO, Warner Bros., and CNN together with Discovery
Communications in a $43 billion leveraged buyout, that actually the combined
content offering didn’t move the needle very much,” Matt noted. “With
notable exceptions, most of the cheapo, lean-back Discovery shows that
Zaslav built his linear career on don’t matter nearly as much in an
on-demand ecosystem where the Max service is not the first choice for
consumers. Turns out, most of that stuff is deadweight.” Meanwhile, the time
spent learning all this has created other headaches. In Zaz’s Less-With-Less
Strategy, available to members of Puck’s Inner Circle, Julia Alexander
explained his limited options as he contemplates spinning off his other,
non-HBO cable assets.
Perhaps it’s possible that HBO had to endure some turbulence in order to
reclaim its role in the culture. And maybe Zaz & Co. had to endure their own
period of trial and error in order to recognize that HBO was never going to
front a Netflix competitor. A quarter-century into our media transformation,
the brand formerly known as Home Box Office has ended up where it
belonged—which is more than you can say for its competitors, like Showtime.
If the Boomer era was defined by familiar postwar institutions, this new era
is simply about inevitable, and constant, change. That really is the story
of our time, so familiar to people my age, and precisely what you can expect
from Puck.
Have a great weekend,
Jon
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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;padding-top:24px;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:center;line=
-height:0;"><tbody><tr><td =
style=3D"vertical-align:middle;color:#000000;font-family:'PuckSerifDi=
splay','Georgia';font-size:20px;font-weight:400;padding-botto=
m:12px;text-align:center;">
<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:8px;"><img alt=3D"PREVIEW =
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style=3D"font-family:'PuckSerifDisplay','Georgia';font-si=
ze:20px;font-weight:400;color:#000000;vertical-align:middle;letter-spacin=
g:undefined;text-align:center;line-height:normal;">PREVIEW VERSION
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</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><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Ari=
al';font-size:14px;font-weight:400;letter-spacing:0px;line-height:1.5=
;text-align:center;mso-line-height-alt:21px;"><p =
style=3D"margin:0;"><strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
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9pbi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSU=
yOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYy=
NSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b=
21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOi=
JmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjU1ODY3OX0/60caa3d07899c435a1e=
417fb10002b32526a6858cd234a44b49591fb0bde7660" target=3D"_blank" =
rel=3D"noopener" =
style=3D"text-decoration:underline;color:#d40000;">Start
a free 14-day trial</a></strong>=C2=A0to unlock unlimited access to =
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role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-top:24px;"><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 =
#d9d9d9;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
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</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:#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" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1739207840362_avatar-jon-update-2025-02-10_01JKRDV4MWG66YABQ09KYQKNAE.pn=
g" 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: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 weekly capsule =
of the best new work at
Puck.<br/><br/>It was another fabulous week: <strong>Matt =
Belloni</strong> rolled his eyes at the HBO Max =
=E2=80=9Crebrand=E2=80=9D; <strong>Kim Masters </strong>revisited =
<strong>Tom Cruise</strong>=E2=80=99s career death and revival; =
<strong>Eriq Gardner</strong> considered <strong>Jon =
Voight</strong>=E2=80=99s plan to save Hollywood; <strong>Julia =
Alexander </strong>evaluated Zaz=E2=80=99s post-NBA vision; =
<strong>Dylan Byers </strong>broke down the <em>Original Sin</em> =
fallout; <strong>John Ourand </strong>diagnosed
the tariff-induced paralysis at the upfronts; <strong>Lauren Sherman =
</strong>pondered the <strong>Arnaults</strong>=E2=80=99 Trump =
genuflection; <strong>Rachel Strugatz </strong>took the pulse of the =
beauty M&A market; <strong>Sarah Shapiro </strong>assessed the =
economics of a hot new mom brand; <strong>Marion Maneker =
</strong>surveyed the gigaweek art sales; and <strong>Julie Davich =
</strong>measured the <strong>Magritte </strong>deal heat. =
<br/><br/>Meanwhile, <strong>Julia Ioffe </strong>investigated
a State Department micro-scandal; <strong>Peter Hamby </strong>revealed =
some depressing new data for Dems; and <strong>Abby Livingston =
</strong>checked on the progress of Trump=E2=80=99s =E2=80=9Cbig, =
beautiful bill.=E2=80=9D</p></div>
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<table class=3D"v" 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;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;">Check =
out these stories, and others, via the links below. And stick around for =
the backstory on how it all
came together.</p></div>
</td></tr></tbody></table>
<table class=3D"g oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
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9pbi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSU=
yOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYy=
NSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b=
21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOi=
JmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjU1ODY3OX0/60caa3d07899c435a1e=
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ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
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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>
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<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=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04yOTI0MDEuNDIzNTg2NVBVQ0tORVdTL0IzMzY0MDYzMi4=
0MjEwMzAyODI7ZGNfdHJrX2FpZD02MTM5MDMxNzM7ZGNfdHJrX2NpZD0yMzU2Mzg1MDE7ZGNf=
bGF0PTtkY19yZGlkPTt0YWdfZm9yX2NoaWxkX2RpcmVjdGVkX3RyZWF0bWVudD07dGZ1YT07Z=
2Rwcj0kJTdCR0RQUiU3RDtnZHByX2NvbnNlbnQ9JCU3QkdEUFJfQ09OU0VOVF83NTUlN0Q7Z3=
BwPSQlN0JHUFBfU1RSSU5HXzc1NSU3RDtncHBfc2lkPSQlN0JHUFBfU0lEJTdEO2x0ZD07ZGN=
fdGR2PTE_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYy=
NSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclM=
kYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdX=
N0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWw=
iOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIyMDAzOTJ9/1a98ee7a89f7343=
be342a9666ff8b2f5e96e61913318701966e3bce07f976a49" target=3D"_blank" =
style=3D"outline:none" tabindex=3D"-1"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1747243746205_CORP-1074421-Building%20America-AG-V4-600x400_01JV7XFH0CC8=
M7B0S31VV15ACW.jpg" =
style=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" =
alt=3D"John Deere" title=3D"John Deere" =
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=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04yOTI0MDEuNDIzNTg2NVBVQ0tORVdTL0IzMzY0MDYzMi4=
0MjEwMzAyODI7ZGNfdHJrX2FpZD02MTM5MDMxNzM7ZGNfdHJrX2NpZD0yMzU2Mzg1MDE7ZGNf=
bGF0PTtkY19yZGlkPTt0YWdfZm9yX2NoaWxkX2RpcmVjdGVkX3RyZWF0bWVudD07dGZ1YT07Z=
2Rwcj0kJTdCR0RQUiU3RDtnZHByX2NvbnNlbnQ9JCU3QkdEUFJfQ09OU0VOVF83NTUlN0Q7Z3=
BwPSQlN0JHUFBfU1RSSU5HXzc1NSU3RDtncHBfc2lkPSQlN0JHUFBfU0lEJTdEO2x0ZD07ZGN=
fdGR2PTE_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYy=
NSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclM=
kYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdX=
N0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWw=
iOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIyMDAzOTJ9/1a98ee7a89f7343=
be342a9666ff8b2f5e96e61913318701966e3bce07f976a49" target=3D"_blank" =
style=3D"outline:none" tabindex=3D"-1"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1747243747016_CORP-1074421-Building%20America-AG-V5-600x700_01JV7XFHSC1S=
Q4C6940PRHXXSC.jpg" =
style=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" =
alt=3D"John Deere" title=3D"John Deere" =
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:left;mso-line-height-alt:20px;"><p =
style=3D"margin:0;margin-bottom:0px;">John Deere, an American blacksmith =
and inventor, founded our company in 1837 in Grand Detour, Illinois. =
We're proud to
have helped build America over the past two centuries by supporting =
farmers, ranchers, and construction crews =E2=80=94 equipping them to =
feed, clothe, pave, plant, grow, harvest, and build our country from the =
ground up. Literally. We look forward to carrying forward our =
founder=E2=80=99s legacy of ingenuity as we continue building =E2=80=93 =
and investing in =E2=80=93 America. We were born here, and we=E2=80=99re =
here to stay.</p><p style=3D"margin:0;margin-bottom:0px;">=C2=A0</p><p =
style=3D"margin:0;margin-bottom:0px;"><strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9hYm91dC5kZWVyZS=
5jb20vZW4tdXMvdXMtaW1wYWN0P3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFM=
rJTI4NSUyRjE3JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVB=
RFMrJTI4NSUyRjE3JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyN=
nV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OG=
QyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMjAwMzk=
xfQ/59f883da91fb36ff3ab0ae6222870ea4c52a450a9f15870996cb8efe25f6dc50" =
target=3D"_blank" style=3D"text-decoration:underline;color:#2200cc;" =
rel=3D"noopener">Learn how we=E2=80=99re moving America =
forward.</a></strong></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><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaW=
5zaWRlLXRoZS1hcm5hdWx0cy13aGl0ZS1ob3VzZS12aXNpdC8_dXRtX2NhbXBhaWduPVRoZSt=
CYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVRo=
ZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09Z=
W1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPW=
Y2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCI=
sImxpbmtfaWQiOjIxOTg0MjN9/85a5501edd95b97a92b7e6af5e86c3cb19f60fc0bca8fbf=
7703dde6aecf08032" =
style=3D"text-decoration:underline;color:#d40000;">digs into</a> =
<strong>Bernard Arnault</strong>=E2=80=99s four-dimensional =
<strong>Trump </strong>negotiating =
chess.<br/><em>and=E2=80=A6</em><br/><strong>Sarah Shapiro </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaW=
5zaWRlLWRvbm5pcy1tZWFzdXJlZC1leHBhbnNpb24taW50by1tb21zd2Vhci8_dXRtX2NhbXB=
haWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSUyOVx1MDAyNnV0bV9j=
b250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSUyOVx1MDAyNnV0b=
V9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNn=
V0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDM=
wMWQ0OGQyOCIsImxpbmtfaWQiOjIxOTU4MDR9/68d9927394808dde7212c4af3ec6cba4eda=
aceadf109117c1e0531bb5ec29f29" =
style=3D"text-decoration:underline;color:#d40000;">inspects</a> =
Donni=E2=80=99s growth plans while <strong>Rachel Strugatz
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvY2=
h1cmNoLWR3aWdodHMtODgwLW1pbGxpb24tdG91Y2hsYW5kLWFxdWlzaXRpb24vP3V0bV9jYW1=
wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4NSUyRjE3JTJGMjUlMjlcdTAwMjZ1dG1f=
Y29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4NSUyRjE3JTJGMjUlMjlcdTAwMjZ1d=
G1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMj=
Z1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2Q=
zMDFkNDhkMjgiLCJsaW5rX2lkIjoyMTk3NjExfQ/130fc37af7829af1dfab4cf4285540a18=
36400db7e14b45e50898332e05a86ed" =
style=3D"text-decoration:underline;color:#d40000;">dissects</a> an $880 =
million beauty deal.</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;margin-bottom:16px;"><strong>Marion Maneker</strong>
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvc3=
ByaW5nLWFydC1hdWN0aW9ucy1yZXZlYWwtY2F1dGlvdXMtYmlkZGluZy8_dXRtX2NhbXBhaWd=
uPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSUyOVx1MDAyNnV0bV9jb250=
ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSUyOVx1MDAyNnV0bV9tZ=
WRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV=
90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ=
0OGQyOCIsImxpbmtfaWQiOjIxOTk4NzJ9/fb8dbcaa12691af05b738594746f2050860b9c7=
207b7327e730f04540c0deea9" =
style=3D"text-decoration:underline;color:#d40000;">combs through</a> =
Sotheby=E2=80=99s and Phillips=E2=80=99 big sales.</p><p =
style=3D"margin:0;margin-bottom:16px;"><em>and=E2=80=A6</em></p><p =
style=3D"margin:0;"><strong>Julie Brener Davich </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvc3=
VycmVhbGlzbS1zdXJnZXMtaW4tbnljLW1hZ3JpdHRlLXl2ZXMtdGFuZ3V5LWFuZC1tb3JlLz9=
1dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUw=
MDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5X=
HUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLm=
lvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzY=
wNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjE5Mjg1NH0/8e0f1e7de0578cce050f2d64=
d458e6b7689694cab095fedf47f5e1f2640dd301" =
style=3D"text-decoration:underline;color:#d40000;">captures</a> the =
nuance of the surrealist market.</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;margin-bottom:16px;"><strong>Matt Belloni
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdH=
YtdXBmcm9udHMtcmVwb3J0LXBsdXMtdW5vZmZpY2lhbC1hd2FyZHMvP3V0bV9jYW1wYWlnbj1=
UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4NSUyRjE3JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVu=
dD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4NSUyRjE3JTJGMjUlMjlcdTAwMjZ1dG1fbWVka=
XVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdG=
VybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDh=
kMjgiLCJsaW5rX2lkIjoyMTk5NTY1fQ/4e34b8895c2b51ecf0101f027e93af910e1af0b64=
5eb843ed81d8b5425fe1b78" =
style=3D"text-decoration:underline;color:#d40000;">offers</a> his =
readout from the upfronts and digests <strong>Zaz</strong>=E2=80=99s =
latest pivot.<br/><em>and=E2=80=A6</em></p><p =
style=3D"margin:0;margin-bottom:16px;"><strong>Kim Masters </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdG=
hlLXVudG9sZC1zdG9yeS1vZi10b20tY3J1aXNlcy1jYXJlZXItcmVzdXJyZWN0aW9uLz91dG1=
fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwMDI2=
dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwM=
DI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXH=
UwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE=
1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjE5NDczOX0/b16b3522806ef4caa78947f48b67=
86b0ab2e9f5b501eecca8cdb6848246d0267" =
style=3D"text-decoration:underline;color:#d40000;">recalls</a> how =
<strong>Tom Cruise </strong>got his groove
back.</p><p =
style=3D"margin:0;"><em>meanwhile=E2=80=A6</em><br/><strong>Eriq Gardner =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvY2=
91bGQtdHJ1bXAtcmV2aXZlLWZpbi1zeW4vP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0=
rTEVBRFMrJTI4NSUyRjE3JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5=
Ky0rTEVBRFMrJTI4NSUyRjE3JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvb=
lx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZD=
MwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjo=
yMTk1NjI1fQ/80834aa3cb885ed5c28f72a513baf5d88aea30651eb906e938303a14a5615=
b31" style=3D"text-decoration:underline;color:#d40000;">foreshadows</a> =
a potential regulatory blockbuster.</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><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvb3=
JpZ2luYWwtc2luLXJldmVscy1iaWRlbi1pbi1hLXdoZWVsY2hhaXItaHVudGVyLXYtdGFwcGV=
yLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5=
XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1J=
TI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbW=
VyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY=
2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjE5NzY5OX0/86d8f662f77383932397=
8a1bab12c0fc72dd0777b9ab8316b913a2698d665423" =
style=3D"text-decoration:underline;color:#d40000;">gets to the =
bottom</a> of a <strong>Jake Tapper</strong>=E2=80=93<strong>Hunter =
Biden </strong>beef.<br/><em>and=E2=80=A6</em><br/><strong>Julia =
Alexander </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
hhdC1pcy1uYmN1cy1wbGFuLWZvci12ZXJzYW50Lz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9=
yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tz=
dG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY=
3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MT=
VlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19=
pZCI6MjE5NzA1Mn0/a23f1e50cfe16107aaf5165039c1259f4ae171e7889168fb630d85de=
2e24b5ca" =
style=3D"text-decoration:underline;color:#d40000;">deciphers</a> =
Zaz=E2=80=99s sports media rights
strategy.<br/><em>meanwhile</em>=E2=80=A6<br/><strong>John Ourand =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdX=
Bmcm9udHMtcmVwb3J0LWFkdmVydGlzZXJzLWFyZS1jYXV0aW91cy1ldmVuLXdpdGgtdGhlLW5=
mbC8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSUy=
OVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyN=
SUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b2=
1lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJ=
mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIxOTQ2Njl9/3224e688e6d73d5da7f=
2816d4cd0d22672ffce10bf3903a84e619860ef4e77a8" =
style=3D"text-decoration:underline;color:#d40000;">examines</a> the =
chilling effect of tariffs on the upfronts.</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=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaX=
Mtc2Frcy1nbG9iYWwtaGVhZGVkLWZvci1hLWZ1bGwtZGVidC1yZXN0cnVjdHVyaW5nLz91dG1=
fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwMDI2=
dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwM=
DI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXH=
UwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE=
1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjE5NzU2N30/fb7368b7ae2a452ee37e048af6c6=
5c1a7217f9da2f194fb11e610cac80bbc871" =
style=3D"text-decoration:underline;color:#d40000;">presages</a> the next =
steps in the Saks debt crisis.</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>Julia Ioffe
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdG=
hlLXJlaW52ZW50aW9uLW9mLWNocmlzdG9waGVyLWxhbmRhdS8_dXRtX2NhbXBhaWduPVRoZSt=
CYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVRo=
ZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09Z=
W1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPW=
Y2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCI=
sImxpbmtfaWQiOjIxOTkxMzZ9/d673e6348e4c23e2cd30cd338f515a691225b19224f6d0e=
6dd4b8b6551643d60" =
style=3D"text-decoration:underline;color:#d40000;">details</a> a =
tie-related Foggy Bottom =
scandalette.<br/><em>and=E2=80=A6</em><br/><strong>Peter Hamby =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdG=
hlLWRlbW9jcmF0aWMtcGFydHktaXMtc3RpbGwtbm90LWV2ZW4tcG9wdWxhci13aXRoLWRlbW9=
jcmF0cy8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYy=
NSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclM=
kYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdX=
N0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWw=
iOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIxOTcxMzh9/02649b8b71e41ac=
935d66aab7fb0393e81748981e1d4bbd1c10dd75b2adedc02" =
style=3D"text-decoration:underline;color:#d40000;">reveals</a> some =
brutal new data on the Democratic =
Party.<br/><em>meanwhile=E2=80=A6</em><br/><strong>Abby Livingston
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvcm=
VwdWJsaWNhbnMtYnJhY2UtZm9yLXNhbHQtZGVkdWN0aW9uLXNob3dkb3duLz91dG1fY2FtcGF=
pZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwMDI2dXRtX2Nv=
bnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwMDI2dXRtX=
21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dX=
RtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzA=
xZDQ4ZDI4IiwibGlua19pZCI6MjE5NDY4N30/7a5c16c096a66a6f3ae787624b7cbe3265d1=
50b3741bdcc4baff445a103c70c2" =
style=3D"text-decoration:underline;color:#d40000;">chronicles</a> the =
latest Hill headaches due to the =E2=80=9Cbig, beautiful =
bill.=E2=80=9D</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:16px;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;"><strong>Jeff Collins</strong>, Fox=E2=80=99s head of =
ad sales, joins Dylan on
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL3doeS1mb3gtd29udC1mYWRlLz91dG1fY2FtcGFpZ249VGhlK0JhY2t=
zdG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0Jh=
Y2tzdG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpb=
F9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNj=
A2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGl=
ua19pZCI6MjE5OTc4Mn0/4ec4ac6067c80f430c2b8d065b3548d24d43387a22b54ca62739=
a7a3052af2a3" style=3D"text-decoration:underline;color:#d40000;"><em>The =
Grill Room</em></a>.<br/><em>and=E2=80=A6</em><br/>John and <strong>Sara =
Fischer </strong>chew over ESPN=E2=80=99s streaming strategy on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL2VzcG5zLW1pYy1kcm9wLXRoZS1hdGhsZXRpY3Mtbnl0LWFmdGVybGl=
mZS8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSUy=
OVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyN=
SUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b2=
1lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJ=
mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIxOTc0Njh9/a8a6f3935c7a57d97ae=
e353d75cc05c407286fa1933a518573967e646154b68c" =
style=3D"text-decoration:underline;color:#d40000;"><em>The =
Varsity</em></a>.<br/><em>and=E2=80=A6</em><br/><strong>James =
Scully</strong>, the longtime casting director, and Lauren
discuss the evolution of the fashion industry on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL3NjdWxseS1zYXlzLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSs=
tK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9y=
eSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb=
25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2=
QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI=
6MjE5OTc4M30/ce58b2cb52fd04aa8b2ebc8a743629b434a27e492ed717715d53154eda6e=
16cc" 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 former Republican congressman <strong>David Jolly =
</strong>trade notes on Trump=E2=80=99s new, $400 million plane on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL2RhdmlkLWpvbGx5LW9uLXRoZS10YWtlLWluLXRoZS1taWRkbGUtZWF=
zdC8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSUy=
OVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyN=
SUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b2=
1lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJ=
mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIyMDAzOTN9/60c29f768348951d51c=
ebf4c241dcd12e37ac78eef745d7d393d9532f47a1cb1" =
style=3D"text-decoration:underline;color:#d40000;"><em>Impolitic</em></a>=
.<br/><em>and=E2=80=A6</em><br/>Matt
hosts YouTube C.E.O. <strong>Neal Mohan </strong>to dissect the =
platform=E2=80=99s Hollywood ambitions on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL2hvdy15b3V0dWJlLXF1aWV0bHktdG9vay1vdmVyLXR2LXdpdGgtY2V=
vLW5lYWwtbW9oYW4vP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4NSUy=
RjE3JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4N=
SUyRjE3JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3=
VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsIml=
udGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMTk4MjgyfQ/f782d=
e662e958f1ca35f97ead7fe24157580f59718844d67fe0e9102b94817aa" =
style=3D"text-decoration:underline;color:#d40000;"><em>The =
Town</em></a>.<br/><em>and=E2=80=A6</em><br/>Peter and Abby preview the =
new <strong>Biden </strong>book on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL2JpZGVucy1vcmlnaW5hbC1zaW4tbWlncmFpbmUtZC1uLWMtcy1nZW4=
tei1wcm9ibGVtLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODUlMkYx=
NyUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODUlM=
kYxNyUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cm=
NlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnR=
lcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjE5ODI4M30/c81e40b0=
42c96cb001f9e021211d009bdbe405efbe531187acba0be30ae0f7d4" =
style=3D"text-decoration:underline;color:#d40000;"><em>The
Powers That Be</em></a>.</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:0px;vertical-a=
lign: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;"><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=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvbm=
V3c2xldHRlcnMvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4NSUyRjE=
3JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4NSUy=
RjE3JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY=
2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludG=
VybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoxNTZ9/e1faa77fa0aff3=
3fcd62b9e8adbcb78e73aca2b4f6a0e6a30b4aaf8b580e8aaf" 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>
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<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>
<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;">It=E2=80=99s Not Max, It=E2=80=99s HBO</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;">Members of my generation=E2=80=94the so-called =
geriatric Millennials=E2=80=94are, in many ways, the middle children of =
the
culture. We grew up in a world shaped by the institutions of the =
Boomers, and yet we were just coming of age when everything started =
changing all at once. I was in college during 9/11, the dawn of Napster, =
and the nascent rivalry between Facebook and Myspace (the less said =
about Friendster the better). I graduated on a sweltering May afternoon, =
in 2004, when Google was preparing the road show for its =
I.P.O.<br/><br/>Even if we didn=E2=80=99t have the circumspection or =
life experience to articulate what we
were seeing around us, the <em>fin de si=C3=A8cle </em>generation sure =
understood that the world was shifting under our feet faster than our =
forebearers could grasp. Another one of the hallmarks of that era, of =
course, was HBO=E2=80=94definitively the most influential cultural brand =
on the planet.</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=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04yOTI0MDEuNDIzNTg2NVBVQ0tORVdTL0IzMzY0MDYzMi4=
0MjEyNjAwNTA7ZGNfdHJrX2FpZD02MTM3OTAxNTY7ZGNfdHJrX2NpZD0yMzU2Mzg1MDQ7ZGNf=
bGF0PTtkY19yZGlkPTt0YWdfZm9yX2NoaWxkX2RpcmVjdGVkX3RyZWF0bWVudD07dGZ1YT07Z=
2Rwcj0kJTdCR0RQUiU3RDtnZHByX2NvbnNlbnQ9JCU3QkdEUFJfQ09OU0VOVF83NTUlN0Q7Z3=
BwPSQlN0JHUFBfU1RSSU5HXzc1NSU3RDtncHBfc2lkPSQlN0JHUFBfU0lEJTdEO2x0ZD07ZGN=
fdGR2PTE_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYy=
NSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclM=
kYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdX=
N0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWw=
iOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIyMDAzOTR9/4370df5b3222535=
5282d287b63cc499bc17f7ba21a155b4c9a7d84fd8fb82775" target=3D"_blank" =
style=3D"outline:none" tabindex=3D"-1"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1747243745452_CORP-1074421-Building%20America-CON-V4-600x400_01JV7XFGEPM=
T3NC6HJ72H6VWW4.jpg" =
style=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" =
alt=3D"John Deere" title=3D"John Deere" =
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=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9hZC5kb3VibGVjbG=
ljay5uZXQvZGRtL3RyYWNrY2xrL04yOTI0MDEuNDIzNTg2NVBVQ0tORVdTL0IzMzY0MDYzMi4=
0MjEyNjAwNTA7ZGNfdHJrX2FpZD02MTM3OTAxNTY7ZGNfdHJrX2NpZD0yMzU2Mzg1MDQ7ZGNf=
bGF0PTtkY19yZGlkPTt0YWdfZm9yX2NoaWxkX2RpcmVjdGVkX3RyZWF0bWVudD07dGZ1YT07Z=
2Rwcj0kJTdCR0RQUiU3RDtnZHByX2NvbnNlbnQ9JCU3QkdEUFJfQ09OU0VOVF83NTUlN0Q7Z3=
BwPSQlN0JHUFBfU1RSSU5HXzc1NSU3RDtncHBfc2lkPSQlN0JHUFBfU0lEJTdEO2x0ZD07ZGN=
fdGR2PTE_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYy=
NSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclM=
kYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdX=
N0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWw=
iOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIyMDAzOTR9/4370df5b3222535=
5282d287b63cc499bc17f7ba21a155b4c9a7d84fd8fb82775" target=3D"_blank" =
style=3D"outline:none" tabindex=3D"-1"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1747243746610_CORP-1074421-Building%20America-CON-V5-600x700_01JV7XFHCPV=
Z34ZR7JB7KHA349.jpg" =
style=3D"display:block;height:auto;border:0;width:100%;" width=3D"552" =
alt=3D"John Deere" title=3D"John Deere" =
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:left;mso-line-height-alt:20px;"><p =
style=3D"margin:0;margin-bottom:0px;">John Deere, an American blacksmith =
and inventor, founded our company in 1837 in Grand Detour, Illinois. =
We're proud to
have helped build America over the past two centuries by supporting =
farmers, ranchers, and construction crews =E2=80=94 equipping them to =
feed, clothe, pave, plant, grow, harvest, and build our country from the =
ground up. Literally. We look forward to carrying forward our =
founder=E2=80=99s legacy of ingenuity as we continue building =E2=80=93 =
and investing in =E2=80=93 America. We were born here, and we=E2=80=99re =
here to stay.</p><p style=3D"margin:0;margin-bottom:0px;">=C2=A0</p><p =
style=3D"margin:0;"><strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9hYm91dC5kZWVyZS=
5jb20vZW4tdXMvdXMtaW1wYWN0P3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFM=
rJTI4NSUyRjE3JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVB=
RFMrJTI4NSUyRjE3JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyN=
nV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OG=
QyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMjAwMzk=
xfQ/59f883da91fb36ff3ab0ae6222870ea4c52a450a9f15870996cb8efe25f6dc50" =
target=3D"_blank" style=3D"text-decoration:underline;color:#2200cc;" =
rel=3D"noopener">Learn how we=E2=80=99re moving America =
forward.</a></strong></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;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;">Everyone already knows this, but HBO=E2=80=99s run =
during the late =E2=80=9990s and early aughts was unparalleled in its
innovation and sheer excellence: not only <em>The Sopranos </em>and =
<em>Sex and the City</em>, but also <em>The Wire</em>, <em>Oz</em>, =
<em>Six Feet Under</em>, <em>Curb</em>, and even <em>Arliss</em>. In =
addition to the extraordinary slate, it was a beautifully managed =
business. HBO garnered extraordinary subscriber fees and retention rates =
by promising a couple of brilliant original series per quarter and =
otherwise filling its pipes with Pay 1 movies, boxing, original =
documentaries, etcetera.
I=E2=80=99m simplifying here, but you get the idea.<br/><br/>Alas, the =
consensual hallucinations of the Big Tech era=E2=80=94fueled by cheap =
cash, hyperactive growth, and the preponderance of both social and =
mobile=E2=80=94led various corporate overlords to try to inflate HBO =
from a network and brand into a veritable platform of its own. After the =
WarnerMedia assets were acquired by AT&T, HBO was led on a forced =
march to become another Netflix=E2=80=94more content, less prestige, and =
pronto. After AT&T forked over the Warner
assets to <strong>David Zaslav</strong>=E2=80=99s Discovery =
Communications as part of his publicly traded L.B.O., the industrial =
thesis was clear: HBO content would be a hood ornament atop the teeming =
and low-calorie Discovery reality portfolio=E2=80=94<em>Dr. Pimple =
Popper</em>, <strong>Guy Fieri</strong>, etcetera=E2=80=94on the path to =
inevitable streaming glory. In a memorable indignity, Zaz changed the =
name of his streaming service from HBO Max to simply Max, as if the =
company was worried that a sterling
reputation would decrease the TAM of the <em>My 600-lb Life =
</em>crowd.<br/><br/>This week, of course, Zaz renamed the service HBO =
Max=E2=80=94the latest <em>volte-face </em>for a company that has had as =
difficult a time predicting its future as executing against it. A pair =
of excellent Puck pieces help articulate this journey and explain both =
what was lost as well as what lies ahead. In <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdH=
YtdXBmcm9udHMtcmVwb3J0LXBsdXMtdW5vZmZpY2lhbC1hd2FyZHMvP3V0bV9jYW1wYWlnbj1=
UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4NSUyRjE3JTJGMjUlMjlcdTAwMjZ1dG1fY29udGVu=
dD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4NSUyRjE3JTJGMjUlMjlcdTAwMjZ1dG1fbWVka=
XVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdG=
VybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDh=
kMjgiLCJsaW5rX2lkIjoyMTk5NTY1fQ/4e34b8895c2b51ecf0101f027e93af910e1af0b64=
5eb843ed81d8b5425fe1b78" =
style=3D"text-decoration:underline;color:#d40000;"><em>The
Unofficial =E2=80=9925 TV Upfront Awards</em></a>, <strong>Matt Belloni =
</strong>expertly assessed the true meaning behind the name change. =
=E2=80=9CIt=E2=80=99s a very big deal to admit, two years after smashing =
HBO, Warner Bros., and CNN together with Discovery Communications in a =
$43 billion leveraged buyout, that <em>actually</em> the combined =
content offering didn=E2=80=99t move the needle very much,=E2=80=9D Matt =
noted. =E2=80=9CWith notable exceptions, most of the cheapo, lean-back =
Discovery shows that Zaslav built his linear career on
don=E2=80=99t matter nearly as much in an on-demand ecosystem where the =
Max service is not the first choice for consumers. Turns out, most of =
that stuff is deadweight.=E2=80=9D Meanwhile, the time spent learning =
all this has created other headaches. In <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
hhdC1pcy1uYmN1cy1wbGFuLWZvci12ZXJzYW50Lz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9=
yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tz=
dG9yeSstK0xFQURTKyUyODUlMkYxNyUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY=
3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MT=
VlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19=
pZCI6MjE5NzA1Mn0/a23f1e50cfe16107aaf5165039c1259f4ae171e7889168fb630d85de=
2e24b5ca" =
style=3D"text-decoration:underline;color:#d40000;"><em>Zaz=E2=80=99s =
Less-With-Less</em> <em>Strategy</em></a>, available to members of =
Puck=E2=80=99s Inner Circle, <strong>Julia Alexander </strong>explained =
his limited
options as he contemplates spinning off his other, non-HBO cable =
assets.<br/><br/>Perhaps it=E2=80=99s possible that HBO had to endure =
some turbulence in order to reclaim its role in the culture. And maybe =
Zaz & Co. had to endure their own period of trial and error in order =
to recognize that HBO was never going to front a Netflix competitor. A =
quarter-century into our media transformation, the brand formerly known =
as Home Box Office has ended up where it belonged=E2=80=94which is more =
than you can say for its
competitors, like Showtime. If the Boomer era was defined by familiar =
postwar institutions, this new era is simply about inevitable, and =
constant, change. That really is the story of our time, so familiar to =
people my age, and precisely what you can expect from 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>
<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;">Have =
a great weekend,<br/>Jon</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:32px;padding-left:24px;padding-right:24px;paddin=
g-top:32px;vertical-align:top;">
<table class=3D"j" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
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style=3D"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=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvam=
9pbi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYyNSU=
yOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjg1JTJGMTclMkYy=
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21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOi=
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417fb10002b32526a6858cd234a44b49591fb0bde7660" target=3D"_blank" =
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cellspacing=3D"0" role=3D"presentation" =
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left:0px;"><div class=3D"r" align=3D"center">
<table class=3D"y" width=3D"208px" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;"=
><tbody><tr><td style=3D"padding:0 10px 0 10px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdXM2gzYTVaMnlBNUcyS1d1MHhiYz0iLCJocmVmIjoiaHR0cHM6Ly9mYWNlYm9vay5jb2=
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