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Welcome back to your weekly roundup of Puck’s greatest hits from the past 
seven days. In this issue: Matt Belloni chronicles the grandiose ambitions 
and magical thinking that preceded Warner Bros. Discovery’s bifurcation. 
Dylan Byers previews the austerity era awaiting CNN under its new steward, 
Gunnar Wiedenfels. Julia Ioffe traces the anxieties gripping the Washington 
professional class, from the military mobilization in L.A. to the curious 
case of Elon’s father in Moscow. And Rachel Strugatz investigates Shiseido’s 
post-acquisition struggle to revive the clean beauty brand Drunk Elephant.









Hey there,



Welcome back to your weekly roundup of Puck’s greatest hits from the past 
seven days.



In this issue: Matt Belloni chronicles the grandiose ambitions and magical 
thinking that preceded Warner Bros. Discovery’s bifurcation. Dylan Byers 
previews the austerity era awaiting CNN under its new steward, Gunnar 
Wiedenfels. Julia Ioffe traces the anxieties gripping the Washington 
professional class, from the military mobilization in L.A. to the curious 
case of Elon’s father in Moscow. And Rachel Strugatz investigates Shiseido’s 
post-acquisition struggle to revive the clean beauty brand Drunk Elephant.



Enjoy!









David Zaslav Has Admitted Defeat


MATTHEW BELLONI


By splitting Warner Bros. Discovery in two, its C.E.O., as well as chief 
architect John Malone, finally acknowledged that the math never worked on 
their declining TV business, and the thesis of combining prestige (HBO) and 
populism (Discovery) was doomed from the start.



Read Now









A Musk in Moscow & Hegseth’s War at Home


JULIA IOFFE


News and notes on the fears of the professional class in Washington: the 
military mobilization in L.A., impending layoffs at State, and the curious 
saga of Elon Musk’s father in Moscow.



Read Now









Drunk Elephant in the Room


RACHEL STRUGATZ


How a viral-hit bronzer, post-exit blues, and Shiseido’s bungling of the 
clean beauty pioneer sobered up Drunk Elephant.



Read Now









CNN Prepares for the Afterlife


DYLAN BYERS


With the industry in inexorable decline, ratings at a nadir, and younger 
audiences turning to YouTube and TikTok, Gunnar Wiedenfels will inevitably 
look at CNN and decide he can maintain relatively similar profits at a mere 
fraction of the cost. This is the beginning of the end.



Read Now




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roundup of Puck=E2=80=99s greatest hits from the past seven days. In =
this issue: Matt Belloni chronicles the grandiose ambitions and magical =
thinking that preceded Warner Bros. Discovery=E2=80=99s bifurcation. =
Dylan Byers previews the austerity era awaiting CNN under its new =
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style=3D"margin:0;font-size:16px;mso-line-height-alt:18px">=C2=A0</p><p =
style=3D"margin:0;font-size:16px;mso-line-height-alt:24px">
<span style=3D"word-break: break-word; font-size: 16px;">Welcome back to =
your weekly roundup of Puck=E2=80=99s greatest hits from the past seven =
days.</span></p><p =
style=3D"margin:0;font-size:16px;mso-line-height-alt:18px">=C2=A0</p><p =
style=3D"margin:0;mso-line-height-alt:24px">
<span style=3D"word-break: break-word; font-size: 16px;">In this issue: =
<strong>Matt Belloni </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZG=
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4c977852969b0652be512678f1f4db1a884330c" style=3D"text-decoration: =
underline; color: #d40000;">chronicles</a> the grandiose ambitions and =
magical thinking that preceded Warner Bros. Discovery=E2=80=99s =
bifurcation. <strong>Dylan Byers </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
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1235925f1f5" style=3D"text-decoration: underline; color: =
#d40000;">previews</a> the austerity era awaiting CNN under its new =
steward, <strong>Gunnar Wiedenfels</strong>. <strong>Julia Ioffe =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdH=
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f19c5900c9370f091c532d5f5e75cd8f1e6" style=3D"text-decoration: =
underline; color:
#d40000;">traces the anxieties</a> gripping the Washington professional =
class, from the military mobilization in L.A. to the curious case of =
<strong>Elon</strong>=E2=80=99s father in Moscow. And <strong>Rachel =
Strugatz </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
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yNzc2fQ/1f308bd43de65ddd4f3ab7d151c15239f8dc9e38563e68e9e31ccd62b7500cc8"=
 style=3D"text-decoration: underline; color: #d40000;">investigates</a> =
Shiseido=E2=80=99s post-acquisition struggle to revive the clean beauty =
brand Drunk Elephant.</span>
</p><p =
style=3D"margin:0;font-size:16px;mso-line-height-alt:18px">=C2=A0</p><p =
style=3D"margin:0;font-size:16px;mso-line-height-alt:24px"><span =
style=3D"word-break: break-word; font-size: =
16px;">Enjoy!</span></p></div></div></td></tr></tbody></table></td></tr><=
/tbody></table></td></tr></tbody></table><table class=3D"row row-3" =
align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
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cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
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style=3D"font-size:1px;line-height:1px;border-top:1px solid #bbb"><span =
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tbody></table><table class=3D"image_block block-2" width=3D"100%" =
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class=3D"pad" style=3D"width:100%"><div class=3D"alignment" =
align=3D"center"><div style=3D"max-width:540px"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
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F2aWQtemFzbGF2cy13YXJuZXItYnJvcy1kaXNjb3ZlcnktZXhwZXJpbWVudC1oYXMtZmFpbGV=
kLz91dG1fY2FtcGFpZ249V2VlaytSZXZpZXcrLStMRUFEUyslMjg2JTJGMTUlMkYyNSUyOVx1=
MDAyNnV0bV9jb250ZW50PVdlZWsrUmV2aWV3Ky0rTEVBRFMrJTI4NiUyRjE1JTJGMjUlMjlcd=
TAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW=
9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA=
2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMjI5MzM1fQ/a9abb6533450184e405b33e88=
4c977852969b0652be512678f1f4db1a884330c" target=3D"_blank" =
style=3D"outline:none" tabindex=3D"-1"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1749601688678_Screenshot%202025-06-10%20at%208.27.57%20PM_01JXE6673YFCBC=
DQFZ39VH5728.png" =
style=3D"display:block;height:auto;border:0;width:100%" width=3D"540" =
alt=3D"Zaz" title=3D"Zaz" =
height=3D"auto"/></a></div></div></td></tr></tbody></table><table =
class=3D"text_block block-3" width=3D"100%" border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tb=
ody><tr><td class=3D"pad" =
style=3D"padding-bottom:5px;padding-top:5px"><div =
style=3D"font-family:&#39;Times New Roman&#39;,Georgia,serif"><div =
class=3D"" style=3D"font-size:14px;font-family:TimesNewRoman,&#39;Times =
New =
Roman&#39;,Times,Beskerville,Georgia,serif;mso-line-height-alt:16.8px;col=
or:#000;line-height:1.2"><p =
style=3D"margin:0;font-size:14px;mso-line-height-alt:16.8px">
<span style=3D"word-break: break-word; font-size: 30px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZG=
F2aWQtemFzbGF2cy13YXJuZXItYnJvcy1kaXNjb3ZlcnktZXhwZXJpbWVudC1oYXMtZmFpbGV=
kLz91dG1fY2FtcGFpZ249V2VlaytSZXZpZXcrLStMRUFEUyslMjg2JTJGMTUlMkYyNSUyOVx1=
MDAyNnV0bV9jb250ZW50PVdlZWsrUmV2aWV3Ky0rTEVBRFMrJTI4NiUyRjE1JTJGMjUlMjlcd=
TAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW=
9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA=
2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMjI5MzM1fQ/a9abb6533450184e405b33e88=
4c977852969b0652be512678f1f4db1a884330c" target=3D"_blank" =
style=3D"text-decoration: none; color: #d40000;" rel=3D"noopener">David =
Zaslav Has Admitted =
Defeat</a></span></p></div></div></td></tr></tbody></table><table =
class=3D"text_block block-4" width=3D"100%" border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tb=
ody><tr><td class=3D"pad" =
style=3D"padding-bottom:5px;padding-top:5px"><div =
style=3D"font-family:sans-serif"><div class=3D"" =
style=3D"font-size:14px;font-family:Arial,Helvetica =
Neue,Helvetica,sans-serif;mso-line-height-alt:16.8px;color:#000;line-heig=
ht:1.2"><p style=3D"margin:0;mso-line-height-alt:16.8px"><span =
style=3D"word-break: break-word; font-size: 16px;"><strong>MATTHEW =
BELLONI</strong></span></p></div></div></td></tr></tbody></table><table =
class=3D"text_block block-5" width=3D"100%" border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tb=
ody><tr><td class=3D"pad" =
style=3D"padding-bottom:5px;padding-top:5px"><div =
style=3D"font-family:sans-serif"><div class=3D"" =
style=3D"font-size:14px;font-family:Arial,Helvetica =
Neue,Helvetica,sans-serif;mso-line-height-alt:21px;color:#000;line-height=
:1.5"><p style=3D"margin:0;mso-line-height-alt:24px">
<span style=3D"word-break: break-word; font-size: 16px;">By splitting =
Warner Bros. Discovery in two, its C.E.O., as well as chief architect =
John Malone, finally acknowledged that the math never worked on their =
declining TV business, and the thesis of combining prestige (HBO) and =
populism (Discovery) was doomed from the start.</span></p><p =
style=3D"margin:0;mso-line-height-alt:21px">=C2=A0</p><p =
style=3D"margin:0;mso-line-height-alt:24px">
<strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZG=
F2aWQtemFzbGF2cy13YXJuZXItYnJvcy1kaXNjb3ZlcnktZXhwZXJpbWVudC1oYXMtZmFpbGV=
kLz91dG1fY2FtcGFpZ249V2VlaytSZXZpZXcrLStMRUFEUyslMjg2JTJGMTUlMkYyNSUyOVx1=
MDAyNnV0bV9jb250ZW50PVdlZWsrUmV2aWV3Ky0rTEVBRFMrJTI4NiUyRjE1JTJGMjUlMjlcd=
TAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW=
9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA=
2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMjI5MzM1fQ/a9abb6533450184e405b33e88=
4c977852969b0652be512678f1f4db1a884330c" target=3D"_blank" =
style=3D"text-decoration: underline; color: #d40000;" =
rel=3D"noopener"><span style=3D"word-break: break-word; font-size: =
16px;">Read =
Now</span></a></strong></p></div></div></td></tr></tbody></table></td></t=
r></tbody></table></td></tr></tbody></table><table class=3D"row row-4" =
align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
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style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td>
<table class=3D"row-content stack" align=3D"center" border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;border-radius:0;color:#000=
;width:600px;margin:0 auto" width=3D"600"><tbody><tr><td class=3D"column =
column-1" width=3D"100%" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align=
:left;padding-bottom:5px;padding-left:30px;padding-right:30px;padding-top=
:5px;vertical-align:top"><table class=3D"divider_block block-1" =
width=3D"100%" border=3D"0" cellpadding=3D"10" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td =
class=3D"pad"><div class=3D"alignment" align=3D"center"><table =
border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
width=3D"100%" =
style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td =
class=3D"divider_inner" =
style=3D"font-size:1px;line-height:1px;border-top:1px solid #bbb"><span =
style=3D"word-break: =
break-word;">=E2=80=8A</span></td></tr></tbody></table></div></td></tr></=
tbody></table><table class=3D"image_block block-2" width=3D"100%" =
border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td =
class=3D"pad" style=3D"width:100%"><div class=3D"alignment" =
align=3D"center"><div style=3D"max-width:540px"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdH=
Jvb3BzLWluLWxvcy1hbmdlbGVzLXN0YXRlLXJpZnMtdGhlLWtyZW1saW4tbXVzay1zYWdhLz9=
1dG1fY2FtcGFpZ249V2VlaytSZXZpZXcrLStMRUFEUyslMjg2JTJGMTUlMkYyNSUyOVx1MDAy=
NnV0bV9jb250ZW50PVdlZWsrUmV2aWV3Ky0rTEVBRFMrJTI4NiUyRjE1JTJGMjUlMjlcdTAwM=
jZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTV=
lM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMjMxMzYxfQ/cd623d4256663a52c3aacb6d7d770=
f19c5900c9370f091c532d5f5e75cd8f1e6" target=3D"_blank" =
style=3D"outline:none" tabindex=3D"-1"><img =
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style=3D"display:block;height:auto;border:0;width:100%" width=3D"540" =
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height=3D"auto"/></a></div></div></td></tr></tbody></table><table =
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cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tb=
ody><tr><td class=3D"pad" =
style=3D"padding-bottom:5px;padding-top:5px"><div =
style=3D"font-family:&#39;Times New Roman&#39;,Georgia,serif"><div =
class=3D"" style=3D"font-size:14px;font-family:TimesNewRoman,&#39;Times =
New =
Roman&#39;,Times,Beskerville,Georgia,serif;mso-line-height-alt:16.8px;col=
or:#000;line-height:1.2"><p =
style=3D"margin:0;font-size:14px;mso-line-height-alt:16.8px">
<span style=3D"word-break: break-word; font-size: 30px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdH=
Jvb3BzLWluLWxvcy1hbmdlbGVzLXN0YXRlLXJpZnMtdGhlLWtyZW1saW4tbXVzay1zYWdhLz9=
1dG1fY2FtcGFpZ249V2VlaytSZXZpZXcrLStMRUFEUyslMjg2JTJGMTUlMkYyNSUyOVx1MDAy=
NnV0bV9jb250ZW50PVdlZWsrUmV2aWV3Ky0rTEVBRFMrJTI4NiUyRjE1JTJGMjUlMjlcdTAwM=
jZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTV=
lM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMjMxMzYxfQ/cd623d4256663a52c3aacb6d7d770=
f19c5900c9370f091c532d5f5e75cd8f1e6" target=3D"_blank" =
style=3D"text-decoration: none; color: #d40000;" rel=3D"noopener">A Musk =
in Moscow &amp; Hegseth=E2=80=99s War at =
Home</a></span></p></div></div></td></tr></tbody></table><table =
class=3D"text_block block-4" width=3D"100%" border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tb=
ody><tr><td class=3D"pad" =
style=3D"padding-bottom:5px;padding-top:5px"><div =
style=3D"font-family:sans-serif"><div class=3D"" =
style=3D"font-size:14px;font-family:Arial,Helvetica =
Neue,Helvetica,sans-serif;mso-line-height-alt:16.8px;color:#000;line-heig=
ht:1.2"><p style=3D"margin:0;mso-line-height-alt:16.8px"><span =
style=3D"word-break: break-word; font-size: 16px;"><strong>JULIA =
IOFFE</strong></span></p></div></div></td></tr></tbody></table><table =
class=3D"text_block block-5" width=3D"100%" border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tb=
ody><tr><td class=3D"pad" =
style=3D"padding-bottom:5px;padding-top:5px"><div =
style=3D"font-family:sans-serif"><div class=3D"" =
style=3D"font-size:14px;font-family:Arial,Helvetica =
Neue,Helvetica,sans-serif;mso-line-height-alt:21px;color:#000;line-height=
:1.5"><p style=3D"margin:0;mso-line-height-alt:24px">
<span style=3D"word-break: break-word; font-size: 16px;">News and notes =
on the fears of the professional class in Washington: the military =
mobilization in L.A., impending layoffs at State, and the curious saga =
of Elon Musk=E2=80=99s father in Moscow.</span></p><p =
style=3D"margin:0;mso-line-height-alt:21px">=C2=A0</p><p =
style=3D"margin:0;mso-line-height-alt:24px">
<strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdH=
Jvb3BzLWluLWxvcy1hbmdlbGVzLXN0YXRlLXJpZnMtdGhlLWtyZW1saW4tbXVzay1zYWdhLz9=
1dG1fY2FtcGFpZ249V2VlaytSZXZpZXcrLStMRUFEUyslMjg2JTJGMTUlMkYyNSUyOVx1MDAy=
NnV0bV9jb250ZW50PVdlZWsrUmV2aWV3Ky0rTEVBRFMrJTI4NiUyRjE1JTJGMjUlMjlcdTAwM=
jZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTV=
lM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMjMxMzYxfQ/cd623d4256663a52c3aacb6d7d770=
f19c5900c9370f091c532d5f5e75cd8f1e6" target=3D"_blank" =
style=3D"text-decoration: underline; color: #d40000;" =
rel=3D"noopener"><span style=3D"word-break: break-word; font-size: =
16px;">Read =
Now</span></a></strong></p></div></div></td></tr></tbody></table></td></t=
r></tbody></table></td></tr></tbody></table><table class=3D"row row-5" =
align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
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column-1" width=3D"100%" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align=
:left;padding-bottom:5px;padding-left:30px;padding-right:30px;padding-top=
:5px;vertical-align:top"><table class=3D"divider_block block-1" =
width=3D"100%" border=3D"0" cellpadding=3D"10" cellspacing=3D"0" =
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style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td =
class=3D"pad"><div class=3D"alignment" align=3D"center"><table =
border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
width=3D"100%" =
style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td =
class=3D"divider_inner" =
style=3D"font-size:1px;line-height:1px;border-top:1px solid #bbb"><span =
style=3D"word-break: =
break-word;">=E2=80=8A</span></td></tr></tbody></table></div></td></tr></=
tbody></table><table class=3D"image_block block-2" width=3D"100%" =
border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td =
class=3D"pad" style=3D"width:100%"><div class=3D"alignment" =
align=3D"center"><div style=3D"max-width:540px"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LWRydW5rLWVsZXBoYW50LWZlbGwtb2ZmLz91dG1fY2FtcGFpZ249V2VlaytSZXZpZXcrLSt=
MRUFEUyslMjg2JTJGMTUlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVdlZWsrUmV2aWV3Ky0r=
TEVBRFMrJTI4NiUyRjE1JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1M=
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yNzc2fQ/1f308bd43de65ddd4f3ab7d151c15239f8dc9e38563e68e9e31ccd62b7500cc8"=
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style=3D"font-family:&#39;Times New Roman&#39;,Georgia,serif"><div =
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New =
Roman&#39;,Times,Beskerville,Georgia,serif;mso-line-height-alt:16.8px;col=
or:#000;line-height:1.2"><p =
style=3D"margin:0;font-size:14px;mso-line-height-alt:16.8px">
<span style=3D"word-break: break-word; font-size: 30px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LWRydW5rLWVsZXBoYW50LWZlbGwtb2ZmLz91dG1fY2FtcGFpZ249V2VlaytSZXZpZXcrLSt=
MRUFEUyslMjg2JTJGMTUlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVdlZWsrUmV2aWV3Ky0r=
TEVBRFMrJTI4NiUyRjE1JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1M=
DAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMW=
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yNzc2fQ/1f308bd43de65ddd4f3ab7d151c15239f8dc9e38563e68e9e31ccd62b7500cc8"=
 target=3D"_blank" style=3D"text-decoration: none; color: #d40000;" =
rel=3D"noopener">Drunk Elephant in the =
Room</a></span></p></div></div></td></tr></tbody></table><table =
class=3D"text_block block-4" width=3D"100%" border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tb=
ody><tr><td class=3D"pad" =
style=3D"padding-bottom:5px;padding-top:5px"><div =
style=3D"font-family:sans-serif"><div class=3D"" =
style=3D"font-size:14px;font-family:Arial,Helvetica =
Neue,Helvetica,sans-serif;mso-line-height-alt:16.8px;color:#000;line-heig=
ht:1.2"><p style=3D"margin:0;mso-line-height-alt:16.8px"><span =
style=3D"word-break: break-word; font-size: 16px;"><strong>RACHEL =
STRUGATZ</strong></span></p></div></div></td></tr></tbody></table><table =
class=3D"text_block block-5" width=3D"100%" border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tb=
ody><tr><td class=3D"pad" =
style=3D"padding-bottom:5px;padding-top:5px"><div =
style=3D"font-family:sans-serif"><div class=3D"" =
style=3D"font-size:14px;font-family:Arial,Helvetica =
Neue,Helvetica,sans-serif;mso-line-height-alt:21px;color:#000;line-height=
:1.5"><p style=3D"margin:0;mso-line-height-alt:24px">
<span style=3D"word-break: break-word; font-size: 16px;">How a viral-hit =
bronzer, post-exit blues, and Shiseido=E2=80=99s bungling of the clean =
beauty pioneer sobered up Drunk Elephant.</span></p><p =
style=3D"margin:0;mso-line-height-alt:21px">=C2=A0</p><p =
style=3D"margin:0;mso-line-height-alt:24px">
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LWRydW5rLWVsZXBoYW50LWZlbGwtb2ZmLz91dG1fY2FtcGFpZ249V2VlaytSZXZpZXcrLSt=
MRUFEUyslMjg2JTJGMTUlMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVdlZWsrUmV2aWV3Ky0r=
TEVBRFMrJTI4NiUyRjE1JTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1M=
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rel=3D"noopener"><strong><span style=3D"word-break: break-word; =
font-size: 16px;">Read =
Now</span></strong></a></p></div></div></td></tr></tbody></table></td></t=
r></tbody></table></td></tr></tbody></table><table class=3D"row row-6" =
align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
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style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td =
class=3D"divider_inner" =
style=3D"font-size:1px;line-height:1px;border-top:1px solid #bbb"><span =
style=3D"word-break: =
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tbody></table><table class=3D"image_block block-2" width=3D"100%" =
border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td =
class=3D"pad" style=3D"width:100%"><div class=3D"alignment" =
align=3D"center"><div style=3D"max-width:540px"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdYYzNaUFkzOENtQTBhOWlrTXR5bz0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
hhdC16YXNsYXZzLXdiZC1zcGxpdC1tZWFucy1mb3ItY25uLz91dG1fY2FtcGFpZ249V2Vlayt=
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2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MD=
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rX2lkIjoyMjMyMjMyfQ/fd49756b50ef5032a36199d969337d389669d2d4f51a82717dc60=
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ody><tr><td class=3D"pad" =
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style=3D"font-family:&#39;Times New Roman&#39;,Georgia,serif"><div =
class=3D"" style=3D"font-size:14px;font-family:TimesNewRoman,&#39;Times =
New =
Roman&#39;,Times,Beskerville,Georgia,serif;mso-line-height-alt:16.8px;col=
or:#000;line-height:1.2"><p =
style=3D"margin:0;font-size:14px;mso-line-height-alt:16.8px">
<span style=3D"word-break: break-word; font-size: 30px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
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1235925f1f5" target=3D"_blank" style=3D"text-decoration: none; color: =
#d40000;" rel=3D"noopener">CNN Prepares for the =
Afterlife</a></span></p></div></div></td></tr></tbody></table><table =
class=3D"text_block block-4" width=3D"100%" border=3D"0" =
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ody><tr><td class=3D"pad" =
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style=3D"font-family:sans-serif"><div class=3D"" =
style=3D"font-size:14px;font-family:Arial,Helvetica =
Neue,Helvetica,sans-serif;mso-line-height-alt:16.8px;color:#000;line-heig=
ht:1.2"><p style=3D"margin:0;mso-line-height-alt:16.8px"><span =
style=3D"word-break: break-word; font-size: 16px;"><strong>DYLAN =
BYERS</strong></span></p></div></div></td></tr></tbody></table><table =
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style=3D"font-family:sans-serif"><div class=3D"" =
style=3D"font-size:14px;font-family:Arial,Helvetica =
Neue,Helvetica,sans-serif;mso-line-height-alt:21px;color:#000;line-height=
:1.5"><p style=3D"margin:0;mso-line-height-alt:24px">
<span style=3D"word-break: break-word; font-size: 16px;">With the =
industry in inexorable decline, ratings at a nadir, and younger =
audiences turning to YouTube and TikTok, Gunnar Wiedenfels will =
inevitably look at CNN and decide he can maintain relatively similar =
profits at a mere fraction of the cost. This is the beginning of the =
end.</span></p><p =
style=3D"margin:0;mso-line-height-alt:21px">=C2=A0</p><p =
style=3D"margin:0;mso-line-height-alt:24px">
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
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1235925f1f5" target=3D"_blank" style=3D"text-decoration: underline; =
color: #d40000;" rel=3D"noopener"><strong><span style=3D"word-break: =
break-word; font-size: 16px;">Read =
Now</span></strong></a></p></div></div></td></tr></tbody></table></td></t=
r></tbody></table></td></tr></tbody></table><table class=3D"row row-7" =
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