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Welcome back to The Backstory, your Saturday review of the best work from 
Puck. As always, it was a great week: Matt Belloni surfaced a potential Ted 
Sarandos blood oath and ran the Melania numbers; Julia Alexander 
investigated a new NBCU deal; Dylan Byers captured the latest beefs in the 
CBS News civil war.  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ 
͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ 
͏  ͏  ͏  ͏ 
 ͏                                      
             





Jan 24, 2026








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PREVIEW VERSION


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Jon Kelly


Good morning,

Welcome back to The Backstory, your Saturday review of the best work from 
Puck.

As always, it was a great week: Matt Belloni surfaced a potential Ted 
Sarandos blood oath and ran the Melania numbers; Julia Alexander 
investigated a new NBCU deal; Dylan Byers captured the latest beefs in the 
CBS News civil war; John Ourand and Eriq Gardner debated an NFL lawsuit; Ian 
Krietzberg assessed Sam Altman’s foray into the advertising business; Bill 
Cohan offered a Saks financial autopsy; Lauren Sherman surveyed the latest 
designer musical chairs drama; Sarah Shapiro checked in on the influencer 
affiliate wars; Rachel Strugatz tested the Pat McGrath market; and Marion 
Maneker analyzed the 50 top-selling artists of the year.

Meanwhile, down in Washington, Leigh Ann Caldwell diagnosed Trump’s G.O.P. 
Greenlanditis while Julia Ioffe investigated the logistical challenges of an 
invasion. Peter Hamby followed the ICE storm, and Abby Livingston explained 
Amy Klobuchar’s chess moves in Minnesota.




Check out these stories, and others, via the links below. And stick around 
for the backstory on how it all came together.


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FASHION


Lauren Sherman runs a GQ succession process and scrutinizes the Jonathan 
Anderson growing pains at Dior.
and…
Rachel Strugatz taps the M&A market for Pat McGrath Beauty.
meanwhile…
Sarah Shapiro investigates LTK’s play to reclaim its turf in the affiliate 
wars.






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ART MARKET


Marion Maneker parses $392 million in Klimt sales and $138 million in 
Picasso trades.






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HOLLYWOOD


Matt Belloni traces the box office trajectory of Melania and reveals what 
Ted Sarandos needs to do in order to get his WBD deal over the line.






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A.I.


Ian Krietzberg captures Sam Altman’s Don Draper makeover.






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AIR MAIL


Linda Wells bravely unearths the chlamydia outbreaks in St. Barth’s.
and…
Marianka Swain reports on the Beckham blood feud.






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MEDIA


Dylan Byers shares his notes on the cold war inside CBS News.






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SPORTS


John Ourand and Eriq Gardner chew over the Duke N.I.L. lawsuit.
and…
Julia Alexander inspects an innovative NBCU partnership.






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WALL STREET


Bill Cohan offers a talmudic reading on the Saks collapse.






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WASHINGTON


Leigh Ann Caldwell details Trump’s Greenland political crisis while Julia 
Ioffe explains the fog of Arctic war.
and…
Peter Hamby assesses the Democrats’ ICE challenges.
and…
Abby Livingston hypothesizes Amy Klobuchar’s next political moves.






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PODCASTS


Dylan invites the Smiths onto The Grill Room to explain their Semafor math.
and…
Ourand welcomes a curtain call from Marchand on The Varsity.
and…
Lauren and Veronica Swanson Beard discuss her business on Fashion People.
and…
John Heilemann and former White House advisor and Mamdani whisperer Patrick 
Gaspard explain the Dems’ Trump problems on Impolitic.
and…
Matt and the Times’s Kyle Buchanan dissect the Oscar noms on The Town.
and…
Peter and Ian weigh in on Elon’s Grok scandal 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.





Let There Be Licht



Earlier this week, I was having breakfast with a media executive when a bit 
of nostalgia turned the conversation, at least momentarily, to the trials 
and tribulations of former CNN chief executive Chris Licht. For a time, as I’m 
sure you will recall, Licht’s exploits were a common theme of Puck’s 
reportage, and for understandable reasons. He was, in many ways, a victim of 
bizarre and unique circumstances. After beloved network president Jeff 
Zucker suddenly left the company, Licht was airlifted into a highly tenuous 
position: replacing a legend, implementing the untested strategy of a new 
corporate overlord in Warner Bros. Discovery, and managing the shock and 
horror of a large workforce that was simultaneously mourning their departed 
boss and growing increasingly wary of their industry’s demise. Heavy cake.

Licht, who had burnished a reputation as a wunderkind producer from Morning 
Joe to Colbert, jumped into the role with alacrity and fervor. Yet in many 
ways, the job simply ate him up. His brief tenure was filled with seemingly 
small, unforced errors—like the mundane decision to move his office from the 
newsroom to an executive floor—that compounded over time. He was also felled 
by the sort of minor programming mistakes—moving Don Lemon to mornings, 
sliding Jake Tapper to primetime—that executives routinely make in the 
process of finding the right schedule, but which nonetheless diminished his 
credibility.

I recall talking to a very senior WBD executive who had been tasked with 
stabilizing the fraying situation at the center of the CNN maelstrom. At the 
time, this person conveyed to me that they had hoped to fix the vibes at the 
business within six months. Once they arrived in the building, however, they 
lamented that they didn’t think they could even wait six days. Too much ill 
will had been created.

In retrospect, Licht faced forces beyond anyone’s control. He inherited an 
incredible brand, but the business was under secular economic assault amid 
the multipronged headwind of cord-cutting, attention fragmentation, Trump 
vertigo, and more. He was tasked with cutting costs, moving out talent, and 
trying to alchemize success. And, of course, he was greatly outnumbered by 
colleagues who felt like CNN wasn’t merely a job, but rather a calling. 
Making matters worse, the decline of cable news incentivized them to dig in 
and attempt to outlast the new guy rather than solicit a job at a 
competitor. In the end, Chris was surrounded and outnumbered.

I worried that some of the same mishegas might befall the extremely 
accomplished and successful entrepreneur Bari Weiss, who recently took over 
CBS News after selling her media company, The Free Press, to David Ellison’s 
Paramount Skydance. There were some clear parallels: Like Chris, Bari was a 
pedigreed, undeniable talent who had picked an anachronistic time to run a 
television news division—right at the beginning of the end of the industry 
as we know it.

Similarly, she had entered the picture amid a transformational merger. Chris 
assumed his role at CNN while Discovery was integrating with the WarnerMedia 
assets. Bari had been handpicked to run her news division as Ellison was 
integrating his Skydance production company with Paramount—and making a run 
at the combined WBD. Yet their largest similarity, I surmised, had nothing 
to do with their backgrounds outside the industry, but the fact that they’d 
been hired to disrupt highly institutionalized units of historic 
companies—and, in fact, had been encouraged to do so.

My partner Dylan Byers, who covered the Licht tenure, has now turned his 
gimlet eye to the Weiss subplot. In Bari’s Prison of Her Own Design, he 
explored the Vulcan chess–style challenge of disrupting a business while 
leading a large workforce in a very public role amid a politically charged 
era. “The vast majority of CBS News insiders I’ve spoken with view Bari as a 
threat to the integrity and legacy of the network, either because of her 
politics or her managerial shortcomings,” Dylan wrote. “Bari, meanwhile, can 
barely contain her contempt for employees she regards as mediocre at best 
and treacherous at worst.”

Dylan’s story, in many ways, is a tale about managing through transformation 
in a two-sided marketplace—Bari and the Ellisons surely want to protect 
their business, while their employees are understandably antsy about what 
this all means for their own livelihoods. It’s a delicate balance, and no 
one has proven able to handle it in a manner that optimizes the economics 
while managing for empathy along the way. This tale is just the latest 
reminder that we’re living through unprecedented times—but hopefully also 
learning from our predecessors. It’s one of the great narratives of our era, 
and a leitmotif here at Puck.





Have a great weekend,
Jon








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style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td =
style=3D"font-family:'PuckSerifDisplay','Georgia';font-size:20px;font-wei=
ght:400;color:#000000;vertical-align:middle;letter-spacing:normal;text-al=
ign:center;line-height:normal;">PREVIEW VERSION
</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><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Arial';font-siz=
e:14px;font-weight:400;letter-spacing:0px;line-height:1.5;text-align:cent=
er;mso-line-height-alt:21px;"><p style=3D"margin:0;"><strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvam=
9pbi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYyNiU=
yOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYy=
NiUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b=
21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOi=
JmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjU1ODY3OX0/9ffb644ce9963e05c87=
1b1a9fbb3aeb3b1852b1d491fedea675098c64537b9f7" target=3D"_blank" =
rel=3D"noopener" =
style=3D"text-decoration:underline;color:#d40000;">Start
a free 14-day trial</a></strong> to unlock access to Puck.</p></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-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>
</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"y 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:'PuckSerifDispla=
y','Georgia';font-size:20px;font-weight:400;padding-bottom:24px;text-alig=
n: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-size:20px;font-wei=
ght:400;color:#d40000;vertical-align:middle;letter-spacing:normal;text-al=
ign: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:22px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Arial';font-siz=
e: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/>Welcome back to The Backstory, your Saturday review of =
the best work from
Puck.<br/><br/>As always, it was a <em>great </em>week: <strong>Matt =
Belloni </strong>surfaced a potential <strong>Ted Sarandos =
</strong>blood oath and ran the <em>Melania </em>numbers; <strong>Julia =
Alexander </strong>investigated a new NBCU deal; <strong>Dylan Byers =
</strong>captured the latest beefs in the CBS News civil war; =
<strong>John Ourand </strong>and <strong>Eriq Gardner </strong>debated =
an NFL lawsuit; <strong>Ian Krietzberg </strong>assessed <strong>Sam =
Altman</strong>=E2=80=99s foray into
the advertising business; <strong>Bill Cohan </strong>offered a Saks =
financial autopsy; <strong>Lauren Sherman </strong>surveyed the latest =
designer musical chairs drama; <strong>Sarah Shapiro </strong>checked in =
on the influencer affiliate wars; <strong>Rachel Strugatz =
</strong>tested the <strong>Pat McGrath</strong> market; and =
<strong>Marion Maneker </strong>analyzed the 50 top-selling artists of =
the year.<br/><br/>Meanwhile, down in Washington, <strong>Leigh Ann =
Caldwell </strong>diagnosed
<strong>Trump</strong>=E2=80=99s G.O.P. Greenlanditis while =
<strong>Julia Ioffe </strong>investigated the logistical challenges of =
an invasion. <strong>Peter Hamby </strong>followed the ICE storm, and =
<strong>Abby Livingston </strong>explained <strong>Amy =
Klobuchar</strong>=E2=80=99s chess moves in Minnesota.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table class=3D"u" 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"y 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','Arial';font-siz=
e: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" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:22px;text-align:center;"><div class=3D"r" =
align=3D"center"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvam=
9pbi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYyNiU=
yOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYy=
NiUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b=
21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOi=
JmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjU1ODY3OX0/9ffb644ce9963e05c87=
1b1a9fbb3aeb3b1852b1d491fedea675098c64537b9f7" target=3D"_blank" =
style=3D"color:#ffffff;text-decoration:none;"><span class=3D"m" =
style=3D"background-color:#d40000;mso-shading:transparent;border-bottom:2=
px solid #d40000;border-left:2px solid =
#d40000;border-radius:4px;border-right:2px solid
#d40000;border-top:2px solid =
#d40000;color:#ffffff;display:inline-block;font-family:'Inter','Arial';fo=
nt-size:14px;font-weight:700;mso-border-alt:none;padding-bottom:8px;paddi=
ng-top:8px;padding-left:20px;padding-right:20px;text-align:center;width:6=
0%;word-break:keep-all;letter-spacing:normal;"><span =
style=3D"word-break:break-word;line-height:28px;">START A FREE 14-DAY =
TRIAL</span></span></a></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"y 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:'PuckSerifDisplay',=
'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-size:20px;font-wei=
ght:700;color:#000;vertical-align:middle;letter-spacing:normal;text-align=
:left;line-height:normal;">FASHION
</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','Arial';font-siz=
e: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=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
lsbC1hZGFtLWJhaWRhd2ktcmVwbGFjZS13aWxsLXdlbGNoLWF0LWdxLz91dG1fY2FtcGFpZ24=
9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX2NvbnRl=
bnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX21lZ=
Gl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3=
Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ=
4ZDI4IiwibGlua19pZCI6MjUzNjAwNn0/6a77ca89df71dd1554489465b482b28543c30a5b=
d56c4ab2b3ea45ce71e3500a" =
style=3D"text-decoration:underline;color:#d40000;">runs</a> a <em>GQ =
</em>succession process and <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZm=
FzaGlvbi1kZXNpZ25lci1wcmVzc3VyZS10ZXN0cy1waWVycGFvbG8tcGljY2lvbGlzLWJhbGV=
uY2lhZ2EtY2hhbGxlbmdlLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUy=
ODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTK=
yUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG=
1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjg=
iLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjUyOTUyNn0/=
ba694bd602bd3847f2ce85cc4621d3526c56df6f14847c2054499ea41c5cbfdb" =
style=3D"text-decoration:underline;color:#d40000;">scrutinizes</a> the =
<strong>Jonathan Anderson </strong>growing pains at =
Dior.<br/><em>and=E2=80=A6</em><br/><strong>Rachel Strugatz
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
F0LW1jZ3JhdGgtbGFicy1mcm9tLTEtYmlsbGlvbi12YWxpYXRpb24tdG8tZmlyZS1zYWxlLz9=
1dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUw=
MDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5X=
HUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLm=
lvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzY=
wNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjUzNDAzMX0/57497a6ced6d3e7dfa03fc35=
d8b595d35bd579305de66ee0d6a142e683186108" =
style=3D"text-decoration:underline;color:#d40000;">taps</a> the M&amp;A =
market for Pat McGrath =
Beauty.<br/><em>meanwhile</em>=E2=80=A6<br/><strong>Sarah Shapiro =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYW=
ZmaWxpYXRlLWRhdGEtd2Fycy1ob3ctc2hvcG15LWZvcmNlZC1sdGstdG8tb3Blbi11cC8_dXR=
tX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYyNiUyOVx1MDAy=
NnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYyNiUyOVx1M=
DAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1=
x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDY=
xNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI1MzMwODN9/d0d6fd305df3c8b5762317816b2=
c10a4b0b69aecb9d08f7b2bb254bccfc4d12d" =
style=3D"text-decoration:underline;color:#d40000;">investigates</a> =
LTK=E2=80=99s play to reclaim its turf in the affiliate wars.</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"y 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:'PuckSerifDisplay',=
'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-size:20px;font-wei=
ght:700;color:#000;vertical-align:middle;letter-spacing:normal;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','Arial';font-siz=
e:17px;font-weight:400;letter-spacing:0px;line-height:1.5;text-align:left=
;mso-line-height-alt:26px;"><p style=3D"margin:0;"><strong>Marion =
Maneker</strong>
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdG=
hlLXRvcC01MC1hcnRpc3RzLXRoZS1zZWNvbmQtaGFsZi1vZi0yMDI1Lz91dG1fY2FtcGFpZ24=
9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX2NvbnRl=
bnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX21lZ=
Gl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3=
Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ=
4ZDI4IiwibGlua19pZCI6MjUzMzkxOX0/2a185579971ff23f486c74dd8713b4238a1a69a5=
0a5b118e8c59872a77e00bb5" =
style=3D"text-decoration:underline;color:#d40000;">parses</a> $392 =
million in <strong>Klimt </strong>sales and $138 million in =
<strong>Picasso </strong>trades.</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"y 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:'PuckSerifDisplay',=
'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-size:20px;font-wei=
ght:700;color:#000;vertical-align:middle;letter-spacing:normal;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','Arial';font-siz=
e:17px;font-weight:400;letter-spacing:0px;line-height:1.5;text-align:left=
;mso-line-height-alt:26px;"><p style=3D"margin:0;"><strong>Matt Belloni
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
lsbC10aGUtbWVsYW5pYS10cnVtcC1tb3ZpZS1hY3R1YWxseS1tYWtlLW1vbmV5Lz91dG1fY2F=
tcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRt=
X2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2d=
XRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMD=
I2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTN=
kMzAxZDQ4ZDI4IiwibGlua19pZCI6MjUzNjczNn0/33007a0ce69c1a6cabc5711198eee374=
5d391317805199b279978a3c72a05041" =
style=3D"text-decoration:underline;color:#d40000;">traces</a> the box =
office trajectory of <em>Melania </em>and <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaG=
93LW1vdmllLXRoZWF0ZXJzLXBsYW4tdG8taG9sZC1hLW5ldGZsaXgtb3duZWQtd2FybmVyLWJ=
yb3MtYWNjb3VudGFibGUvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4=
MSUyRjI0JTJGMjYlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJ=
TI4MSUyRjI0JTJGMjYlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV=
9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCI=
sImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyNTMwMDg1fQ/9=
bd85e50397bb7bb862ccf2093a8803e0715b8b012c29434a4b4a01bba65f974" =
style=3D"text-decoration:underline;color:#d40000;">reveals</a> what =
<strong>Ted Sarandos </strong>needs to do in order to get his WBD deal =
over the line.</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"y 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:'PuckSerifDisplay',=
'Georgia';font-size:20px;font-weight:700;text-align:left;">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:12px;"><img alt=3D"A.I." =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1750192320993_tbs-ai_01JXZSEWH3DSYQ0QETB525GJR3.png" height=3D"auto" =
width=3D"48" align=3D"center" style=3D"display:
block;height:auto;margin:0 auto;border:0;"/>
</td><td =
style=3D"font-family:'PuckSerifDisplay','Georgia';font-size:20px;font-wei=
ght:700;color:#000;vertical-align:middle;letter-spacing:normal;text-align=
:left;line-height:normal;">A.I.
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Arial';font-siz=
e: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>Ian =
Krietzberg
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvY2=
hhdGdwdHMtYWQtZ2FtYmxlLXdoeS1vcGVuYWktaXMtZ29pbmctY29tbWVyY2lhbC8_dXRtX2N=
hbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYyNiUyOVx1MDAyNnV0=
bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYyNiUyOVx1MDAyN=
nV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MD=
AyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWU=
zZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI1MzU3MjJ9/c391c0c814d521a1c8e38190aff87f3=
705e4ec64fac79f94a264515a5e5b20a4" =
style=3D"text-decoration:underline;color:#d40000;">captures</a> =
<strong>Sam Altman</strong>=E2=80=99s Don Draper makeover.</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"y 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:'PuckSerifDisplay',=
'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"AIR MAIL" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1768606619722_tbs-airmail_01KF4JPP47AJT8AY4FY9FJ80CQ.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-size:20px;font-wei=
ght:700;color:#000;vertical-align:middle;letter-spacing:normal;text-align=
:left;line-height:normal;">AIR MAIL
</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','Arial';font-siz=
e: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>Linda Wells =
</strong>bravely
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9haXJtYWlsLm5ld3=
MvaXNzdWVzLzIwMjYtMS0xNy9uby1mdW4taW4tdGhlLXN1bj91dG1fY2FtcGFpZ249VGhlK0J=
hY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhl=
K0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX21lZGl1bT1lb=
WFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09Zj=
ZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4Iiw=
ibGlua19pZCI6MjUzODEzMn0/386ab6d4150af6919494a0ad417a6a9bfa12468ceaf66625=
821a6f59a9459b96" =
style=3D"text-decoration:underline;color:#d40000;">unearths</a> the =
chlamydia outbreaks in St. =
Barth=E2=80=99s.<br/><em>and=E2=80=A6</em><br/><strong>Marianka Swain =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9haXJtYWlsLm5ld3=
MvaXNzdWVzLzIwMjYtMS0xNy9ibG9vZC1mZXVkLW9mLXRoZS1iZWNraGFtcz91dG1fY2FtcGF=
pZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX2Nv=
bnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX=
21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dX=
RtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzA=
xZDQ4ZDI4IiwibGlua19pZCI6MjUzODEzM30/40ff804d8b480881c9e26dd55c8e06e22338=
78d943e9dd9cddfdc90ad14a5735" =
style=3D"text-decoration:underline;color:#d40000;">reports</a> on the =
<strong>Beckham </strong>blood feud.</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"y 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:'PuckSerifDisplay',=
'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-size:20px;font-wei=
ght:700;color:#000;vertical-align:middle;letter-spacing:normal;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','Arial';font-siz=
e: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=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaW=
5zaWRlLWJhcmktd2Vpc3MtNjAtbWludXRlcy1zdGFuZG9mZi1hdC1jYnMtbmV3cy8_dXRtX2N=
hbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYyNiUyOVx1MDAyNnV0=
bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYyNiUyOVx1MDAyN=
nV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MD=
AyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWU=
zZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI1MzQyMDF9/41fb4c9f6d5fa4ebc5d7e475c47307a=
d103b6d629d80bf2ccfe711aa0b9352fe" =
style=3D"text-decoration:underline;color:#d40000;">shares</a> his notes =
on the cold war inside CBS News.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"y 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:'PuckSerifDisplay',=
'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"SPORTS" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1729520870311_tbs-icon-sports_01JAQQM8Y3NF00D05WEX5CR80E.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-size:20px;font-wei=
ght:700;color:#000;vertical-align:middle;letter-spacing:normal;text-align=
:left;line-height:normal;">SPORTS
</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','Arial';font-siz=
e: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>John Ourand =
</strong>and <strong>Eriq Gardner
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvbm=
ZsLXN1cHJlbWUtY291cnQtd2F0Y2gtc3VuZGF5LXRpY2tldC1icmlhbi1mbG9yZXMtY2FzZXM=
tbG9vbS8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYy=
NiUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlM=
kYyNiUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdX=
N0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWw=
iOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI1MzY1MzB9/64f01879389e48c=
cfacbeaa26f8e676bf16f9f4f12e19cd4889ad94d5ef51a86" =
style=3D"text-decoration:underline;color:#d40000;">chew over</a> the =
Duke N.I.L. lawsuit.<br/><em>and=E2=80=A6</em><br/><strong>Julia =
Alexander </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvbm=
Jjcy16b29tZXItc3RyYXRlZ3ktYWktdGVjaC10YXJnZXRzLWdlbi16LXNwb3J0cy1mYW5zLz9=
1dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUw=
MDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5X=
HUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLm=
lvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzY=
wNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjUzMzEzNX0/233571a3433a1d87326bfab4=
439c71344f72e4450be7d39f609c1f9dc8718037" =
style=3D"text-decoration:underline;color:#d40000;">inspects</a> an =
innovative NBCU partnership.</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"y 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:'PuckSerifDisplay',=
'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-size:20px;font-wei=
ght:700;color:#000;vertical-align:middle;letter-spacing:normal;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','Arial';font-siz=
e: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=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdG=
hlLW51bWJlcnMtYmVoaW5kLXNha3MtZ2xvYmFscy1iYW5rcnVwdGN5LXJlc3RydWN0dXJpbmc=
vP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MSUyRjI0JTJGMjYlMjlc=
dTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MSUyRjI0JTJGMjYlM=
jlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZX=
IuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZ=
jNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyNTMzODMyfQ/0fe7bb769687c8b01dd92=
f72b733083c6f22bb0fe8464bff40becb699752f564" =
style=3D"text-decoration:underline;color:#d40000;">offers</a> a talmudic =
reading on the Saks collapse.</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"y 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:'PuckSerifDisplay',=
'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-size:20px;font-wei=
ght:700;color:#000;vertical-align:middle;letter-spacing:normal;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','Arial';font-siz=
e:17px;font-weight:400;letter-spacing:0px;line-height:1.5;text-align:left=
;mso-line-height-alt:26px;"><p style=3D"margin:0;"><strong>Leigh Ann =
Caldwell</strong>
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdH=
J1bXAtZ3JlZW5sYW5kLXB1c2gtc3BhcmtzLWdvcC1pbXBlYWNobWVudC10YWxrLz91dG1fY2F=
tcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRt=
X2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2d=
XRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMD=
I2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTN=
kMzAxZDQ4ZDI4IiwibGlua19pZCI6MjUzNDM1NX0/fd8539759fa2c492ae3b3b7ae51b9cce=
91317aa240f42b57c8e4997460b10210" =
style=3D"text-decoration:underline;color:#d40000;">details</a> =
Trump=E2=80=99s Greenland political crisis while <strong>Julia Ioffe =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LWludmFkaW5nLWdyZWVubGFuZC13b3VsZC1iZS1hLW1pbGl0YXJ5LW5pZ2h0bWFyZS8_dXR=
tX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYyNiUyOVx1MDAy=
NnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYyNiUyOVx1M=
DAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1=
x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDY=
xNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI1MzYwOTl9/5723ec77ae924dafea73afa2c53=
e54cc41fd6de1d34adfececc6ecb51fade5e2" =
style=3D"text-decoration:underline;color:#d40000;">explains</a> the fog =
of Arctic war.<br/><em>and=E2=80=A6</em><br/><strong>Peter Hamby
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaW=
5zaWRlLXRoZS1pY2UtZGViYXRlLWRpdmlkaW5nLXRoZS1kZW1vY3JhdGljLXBhcnR5Lz91dG1=
fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2=
dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwM=
DI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXH=
UwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE=
1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjUzMjk2OX0/c9c841834e46427d421e4de52ee2=
282165473bb23d1b8328f6685ae34483d507" =
style=3D"text-decoration:underline;color:#d40000;">assesses</a> the =
Democrats=E2=80=99 ICE =
challenges.<br/><em>and=E2=80=A6</em><br/><strong>Abby Livingston =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaW=
5zaWRlLWFteS1rbG9idWNoYXJzLW1pbm5lc290YS1zdWNjZXNzaW9uLW1lc3MvP3V0bV9jYW1=
wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MSUyRjI0JTJGMjYlMjlcdTAwMjZ1dG1f=
Y29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MSUyRjI0JTJGMjYlMjlcdTAwMjZ1d=
G1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMj=
Z1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2Q=
zMDFkNDhkMjgiLCJsaW5rX2lkIjoyNTI5OTA0fQ/fcecc7dd058bd0ec33fb9b8070dafa387=
bf27de9845ce2d8d71bfe4a69248070" =
style=3D"text-decoration:underline;color:#d40000;">hypothesizes</a> =
<strong>Amy Klobuchar</strong>=E2=80=99s next political moves.</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"y 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:'PuckSerifDisplay',=
'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-size:20px;font-wei=
ght:700;color:#000;vertical-align:middle;letter-spacing:normal;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:32px;padding-top:16px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','Arial';font-siz=
e:17px;font-weight:400;letter-spacing:0px;line-height:1.5;text-align:left=
;mso-line-height-alt:26px;"><p style=3D"margin:0;">Dylan invites the =
<strong>Smiths </strong>onto
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL2Jlbi1qdXN0aW4tb24tc2VtYWZvcnMtMzMwbS12YWx1YXRpb24vP3V=
0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MSUyRjI0JTJGMjYlMjlcdTAw=
MjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MSUyRjI0JTJGMjYlMjlcd=
TAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW=
9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA=
2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyNTMwOTYzfQ/be7040d5bba2bf18a400071b3=
8ad20161c2d3d1901f35a84e9950f4e50e84cac" =
style=3D"text-decoration:underline;color:#d40000;"><em>The Grill =
Room</em></a> to explain their Semafor =
math.<br/><em>and=E2=80=A6</em><br/>Ourand welcomes a curtain call from =
<strong>Marchand </strong>on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL21hcmNoYW5kLW9uLXRoZS1uZmxzLW1lZGlhLWNoZXNzYm9hcmQvP3V=
0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MSUyRjI0JTJGMjYlMjlcdTAw=
MjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MSUyRjI0JTJGMjYlMjlcd=
TAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW=
9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA=
2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyNTMzNjAzfQ/8654dffe5f3df253566de5296=
cce12459987dab66345589844703ef50d6128e8" =
style=3D"text-decoration:underline;color:#d40000;"><em>The =
Varsity</em></a>. <br/><em>and=E2=80=A6</em><br/>Lauren and =
<strong>Veronica Swanson
Beard </strong>discuss her business on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL3RoZS1ibG9uZGUtb25lLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9=
yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tz=
dG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY=
3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MT=
VlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19=
pZCI6MjUzODEzNH0/422f02f1934be6b16c446c96b0bdd0e7d059d2081b9d730cd2b32c97=
983412e5" 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 White House advisor and <strong>Mamdani =
</strong>whisperer <strong>Patrick Gaspard </strong>explain the =
Dems=E2=80=99 <strong>Trump</strong> problems on
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL3BhdHJpY2stZ2FzcGFyZC1wdC0xLXRoZS1tYW1kYW5pLXdoaXNwZXJ=
lci1vbi15ZWFyLW9uZS1vZi10cnVtcC0yLTAvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5=
Ky0rTEVBRFMrJTI4MSUyRjI0JTJGMjYlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b=
3J5Ky0rTEVBRFMrJTI4MSUyRjI0JTJGMjYlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdG=
lvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWU=
zZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lk=
IjoyNTM3MjU1fQ/ea80e57fff6d2e881bab6597db2c40557d41b1db83db8e16b1b4af58db=
e09a3b" =
style=3D"text-decoration:underline;color:#d40000;"><em>Impolitic</em></a>=
. <br/><em>and=E2=80=A6</em><br/>Matt and the <em>Times</em>=E2=80=99s =
<strong>Kyle Buchanan </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL29zY2FyLW5vbXMtMjYtZml2ZS1iaWctdGFrZWF3YXlzLWFuZC1pbmR=
1c3RyeS1uYXJyYXRpdmVzLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUy=
ODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTK=
yUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG=
1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjg=
iLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjUzNzI1M30/=
3cc75460b09298f847a15de376ad6b1bd9cb109598d6df60b9fc3fb24cc4262c" =
style=3D"text-decoration:underline;color:#d40000;">dissect</a> the Oscar =
noms on <em>The Town</em>.<br/><em>and=E2=80=A6</em><br/>Peter and
Ian weigh in on <strong>Elon</strong>=E2=80=99s Grok scandal on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL2luc2lkZS1lbG9ucy1ncm9rLXNleC1zY2FuZGFsLz91dG1fY2FtcGF=
pZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX2Nv=
bnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODElMkYyNCUyRjI2JTI5XHUwMDI2dXRtX=
21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dX=
RtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzA=
xZDQ4ZDI4IiwibGlua19pZCI6MjUzNzI1Nn0/f3d516e01971235238e8b306216cac2a8856=
d504d41a574565dd7bb915bff55a" =
style=3D"text-decoration:underline;color:#d40000;"><em>The Powers That =
Be</em></a>.<br/><br/><em>As a reminder, you can update your profile at =
any time to get more stories like these directly in your inbox. </em><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvbm=
V3c2xldHRlcnMvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MSUyRjI=
0JTJGMjYlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MSUy=
RjI0JTJGMjYlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY=
2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludG=
VybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoxNTZ9/37806db735c726=
915dffe4210ddd81d3fa35cdc6708d3532eb18989a56697947" =
style=3D"text-decoration:underline;color:#d40000;"><em>Click =
here</em></a><em> to customize your email settings.</em></p>
</div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:32px;"><div class=3D"r" align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" width=3D"30%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"font-size:1px;line-height:1px;border-top:2px solid =
#d40000;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:32px;padding-left:24px;padding-right:24px;text-al=
ign:center;width:100%;"><h3 =
style=3D"margin:0;color:#000000;direction:ltr;font-family:'PuckSerifDispl=
ay','Georgia';font-size:24px;font-weight:400;letter-spacing:normal;line-h=
eight:1.2;text-align:center;margin-top:0;margin-bottom:0;mso-line-height-=
alt:29px;">Let There Be Licht</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','Arial';font-siz=
e:17px;font-weight:400;letter-spacing:0px;line-height:1.5;text-align:left=
;mso-line-height-alt:26px;"><p style=3D"margin:0;">Earlier this week, I =
was having breakfast with a media executive when a bit of nostalgia =
turned the
conversation, at least momentarily, to the trials and tribulations of =
former CNN chief executive <strong>Chris Licht</strong>. For a time, as =
I=E2=80=99m sure you will recall, Licht=E2=80=99s exploits were a common =
theme of Puck=E2=80=99s reportage, and for understandable reasons. He =
was, in many ways, a victim of bizarre and unique circumstances. After =
beloved network president <strong>Jeff Zucker </strong>suddenly left the =
company, Licht was airlifted into a highly tenuous position: replacing a =
legend, implementing
the untested strategy of a new corporate overlord in Warner Bros. =
Discovery, and managing the shock and horror of a large workforce that =
was simultaneously mourning their departed boss and growing increasingly =
wary of their industry=E2=80=99s demise. Heavy cake.<br/><br/>Licht, who =
had burnished a reputation as a wunderkind producer from <em>Morning Joe =
</em>to <em>Colbert</em>, jumped into the role with alacrity and fervor. =
Yet in many ways, the job simply ate him up. His brief tenure was filled =
with
seemingly small, unforced errors=E2=80=94like the mundane decision to =
move his office from the newsroom to an executive floor=E2=80=94that =
compounded over time. He was also felled by the sort of minor =
programming mistakes=E2=80=94moving <strong>Don Lemon </strong>to =
mornings, sliding <strong>Jake Tapper </strong>to primetime=E2=80=94that =
executives routinely make in the process of finding the right schedule, =
but which nonetheless diminished his credibility.<br/><br/>I recall =
talking to a very senior WBD executive who had been
tasked with stabilizing the fraying situation at the center of the CNN =
maelstrom. At the time, this person conveyed to me that they had hoped =
to fix the vibes at the business within six months. Once they arrived in =
the building, however, they lamented that they didn=E2=80=99t think they =
could even wait six days. Too much ill will had been =
created.<br/><br/>In retrospect, Licht faced forces beyond =
anyone=E2=80=99s control. He inherited an incredible brand, but the =
business was under secular economic assault amid
the multipronged headwind of cord-cutting, attention fragmentation, =
<strong>Trump</strong> vertigo, and more. He was tasked with cutting =
costs, moving out talent, and trying to alchemize success. And, of =
course, he was greatly outnumbered by colleagues who felt like CNN =
wasn=E2=80=99t merely a job, but rather a calling. Making matters worse, =
the decline of cable news incentivized them to dig in and attempt to =
outlast the new guy rather than solicit a job at a competitor. In the =
end, Chris was surrounded
and outnumbered.<br/><br/>I worried that some of the same <em>mishegas =
</em>might befall the extremely accomplished and successful entrepreneur =
<strong>Bari Weiss</strong>, who recently took over CBS News after =
selling her media company, The Free Press, to <strong>David =
Ellison</strong>=E2=80=99s Paramount Skydance. There were some clear =
parallels: Like Chris, Bari was a pedigreed, undeniable talent who had =
picked an anachronistic time to run a television news =
division=E2=80=94right at the beginning of the end of the
industry as we know it.<br/><br/>Similarly, she had entered the picture =
amid a transformational merger. Chris assumed his role at CNN while =
Discovery was integrating with the WarnerMedia assets. Bari had been =
handpicked to run her news division as Ellison was integrating his =
Skydance production company with Paramount=E2=80=94and making a run at =
the combined WBD. Yet their largest similarity, I surmised, had nothing =
to do with their backgrounds outside the industry, but the fact that =
they=E2=80=99d been hired to
disrupt <em>highly </em>institutionalized units of historic =
companies=E2=80=94and, in fact, had been encouraged to do =
so.<br/><br/>My partner <strong>Dylan Byers</strong>, who covered the =
Licht tenure, has now turned his gimlet eye to the Weiss subplot. In <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdiOEU1Q0IxWS14SlA4UDlELWZ3az0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaW=
5zaWRlLWJhcmktd2Vpc3MtNjAtbWludXRlcy1zdGFuZG9mZi1hdC1jYnMtbmV3cy8_dXRtX2N=
hbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYyNiUyOVx1MDAyNnV0=
bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgxJTJGMjQlMkYyNiUyOVx1MDAyN=
nV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MD=
AyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWU=
zZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI1MzQyMDF9/41fb4c9f6d5fa4ebc5d7e475c47307a=
d103b6d629d80bf2ccfe711aa0b9352fe" =
style=3D"text-decoration:underline;color:#d40000;"><em>Bari=E2=80=99s =
Prison of Her Own Design</em></a>, he explored the Vulcan =
chess=E2=80=93style challenge of disrupting a business while
leading a large workforce in a <em>very </em>public role amid a =
politically charged era. =E2=80=9CThe vast majority of CBS News insiders =
I=E2=80=99ve spoken with view Bari as a threat to the integrity and =
legacy of the network, either because of her politics or her managerial =
shortcomings,=E2=80=9D Dylan wrote. =E2=80=9CBari, meanwhile, can barely =
contain her contempt for employees she regards as mediocre at best and =
treacherous at worst.=E2=80=9D<br/><br/>Dylan=E2=80=99s story, in many =
ways, is a tale about managing through transformation in a
two-sided marketplace=E2=80=94Bari and the Ellisons surely want to =
protect their business, while their employees are understandably antsy =
about what this all means for their own livelihoods. It=E2=80=99s a =
delicate balance, and no one has proven able to handle it in a manner =
that optimizes the economics while managing for empathy along the way. =
This tale is just the latest reminder that we=E2=80=99re living through =
unprecedented times=E2=80=94but hopefully also learning from our =
predecessors. It=E2=80=99s one of the great narratives
of our era, and a leitmotif here at Puck.</p></div>
</td></tr></tbody></table>
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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>
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;mso-line-height-alt:26px;"><p style=3D"margin:0;">Have a great =
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