HEX

File: D:/hMailServer/Data/showfile.com/admin/FD/{FD62082C-FA3D-487C-BC8B-C19C814B00ED}.eml
From: "Jon Kelly" <jon@puck.news>
To: <enzo@showfile.com>
Subject: =?UTF-8?Q?Ellison=E2=80=99s_Falling_Knife_&_The_CN?=
	=?UTF-8?Q?N_Shiva_Call?=
Date: Sat, 28 Feb 2026 14:09:11 -0000
Message-ID: <20260228140911.9734e7cff855b079@cio66752.puck.news>
MIME-Version: 1.0
Content-Type: multipart/alternative;
	boundary="----=_NextPart_000_0002_01DCA8BF.9DCE86D0"
Thread-Index: AQKHBcqwcfsgeSKw1XpQaaSWNx7sqA==

This is a multipart message in MIME format.

------=_NextPart_000_0002_01DCA8BF.9DCE86D0
Content-Type: text/plain;
	charset="UTF-8"
Content-Transfer-Encoding: 8bit

Welcome back to The Backstory, your weekend review of the best new work at 
Puck. It was another incredible week. Bill Cohan told Ted Sarandos to walk 
away from the WBD deal, and then he and Matt Belloni parsed the aftershocks 
of the Ellisons’ winning offer in surgical detail. Meanwhile, Dylan Byers 
revealed the Bari Weiss–induced panic inside CNN; Julia Alexander examined a 
streaming mega-trend.  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ 
͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ 
͏  ͏  ͏  ͏  ͏ 
 ͏                                      
             





Feb 28, 2026








  <https://userimg-assets.customeriomail.com/images/client-env-107382/1734018969249_preview-black-outline-32_01JEXSBBQMNMC2Q7QT5X7ACH6X.png> 
PREVIEW VERSION


Start a free 14-day trial to unlock access to Puck.






  <https://userimg-assets.customeriomail.com/images/client-env-107382/1739207840362_avatar-jon-update-2025-02-10_01JKRDV4MWG66YABQ09KYQKNAE.png> 
Jon Kelly


Good morning,

Welcome back to The Backstory, your weekend review of the best new work at 
Puck.

It was another incredible week. Bill Cohan told Ted Sarandos to walk away 
from the WBD deal, and then he and Matt Belloni parsed the aftershocks of 
the Ellisons’ winning offer in surgical detail. Meanwhile, Dylan Byers 
revealed the Bari Weiss–induced panic inside CNN; Julia Alexander examined a 
streaming mega-trend; Kim Masters double-checked the president’s UFC crowd 
math; Eriq Gardner offered a talmudic reading of the antitrust trial of the 
year; John Ourand presaged a hockey Olympics hangover; Lauren Sherman 
documented the Gredes’ post-Kardashian ambitions; Rachel Strugatz 
foreshadowed some Sephora tremors; new guy Malique Morris analyzed Ssense’s 
resurrection plan; Sarah Shapiro identified a new front in the influencer 
wars; Ian Krietzberg scrutinized Dario Amodei’s war with the Pentagon; and 
Marion Maneker ran the numbers on Sotheby’s next major sale, while Dan Duray 
peeped the Obamas’ art stash.

In Washington, Julia Ioffe reported on Marco Rubio’s new Foggy Bottom 
loyalty oath; Leigh Ann Caldwell pondered the new Clinton precedent in 
Congress; Peter Hamby got his hands on some eye-opening Trump polling; and 
Abby Livingston exposed Fairshake’s cryptobucks strategy.




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


START A FREE 14-DAY TRIAL





  <https://userimg-assets.customeriomail.com/images/client-env-107382/1729520868807_tbs-icon-fashion_01JAQQM7F4X1VMN1QPH2NRBDZ8.png> 
FASHION


Lauren Sherman explores the Grede industrial complex and digs into the 
Sánchez-Bezos Met Gala chatter.
and…
Rachel Strugatz lays out Sephora’s TikTok problem.
meanwhile…
Malique Morris assesses Ssense’s second act, while Sarah Shapiro revels in 
the Instagram influencer circus.






  <https://userimg-assets.customeriomail.com/images/client-env-107382/1729520868285_tbs-icon-art_01JAQQM732KCZHXS8XJBMTGS8Y.png> 
ART MARKET


Marion Maneker details the latest sign of a market turnaround.
and….
Dan Duray gets the backstory on the Obamas’ art holdings.






  <https://userimg-assets.customeriomail.com/images/client-env-107382/1729520869111_tbs-icon-hollywood_01JAQQM7RNJPAHAYAT4JVP2FGA.png> 
HOLLYWOOD


Matt Belloni and Bill Cohan cover every square inch—the leverage, layoffs, 
CNN impact, theatrical consequences, and more—of the Paramount–WBD deal.
and…
Julia Alexander spies trouble ahead for one of the streaming market’s bright 
spots.
meanwhile…
Kim Masters pours cold water on Trump’s plans to host 100,000 UFC fans on 
the White House lawn.






  <https://userimg-assets.customeriomail.com/images/client-env-107382/1750192320993_tbs-ai_01JXZSEWH3DSYQ0QETB525GJR3.png> 
A.I.


Ian Krietzberg wades into the Anthropic–OpenAI holy war.






  <https://userimg-assets.customeriomail.com/images/client-env-107382/1768606619722_tbs-airmail_01KF4JPP47AJT8AY4FY9FJ80CQ.png> 
AIR MAIL


Will Hodgkinson revisits Paul McCartney’s post-Beatles era.
and…
Carolina de Armas hits the slopes with a new breed of snow bunny.






  <https://userimg-assets.customeriomail.com/images/client-env-107382/1729520869437_tbs-icon-media_01JAQQM82TC2CJD5T3P72A68MN.png> 
MEDIA


Dylan Byers checks in on the psychological meltdown consuming CNN.






  <https://userimg-assets.customeriomail.com/images/client-env-107382/1729520870311_tbs-icon-sports_01JAQQM8Y3NF00D05WEX5CR80E.png> 
SPORTS


John Ourand chronicles the NHL’s post-Milano blues.
and…
Julia Alexander unravels ESPN’s baseball economics.






  <https://userimg-assets.customeriomail.com/images/client-env-107382/1729520870551_tbs-icon-wall-street_01JAQQM95KYVHSVTE1SADVAXTS.png> 
WALL STREET


Bill Cohan unpacks David Ellison’s backbreaking debt load.






  <https://userimg-assets.customeriomail.com/images/client-env-107382/1729520870794_tbs-icon-washington_01JAQQM9D691XMPJRQ226EDXSM.png> 
WASHINGTON


Leigh Ann Caldwell explains how the Clintons’ Epstein deposition could 
boomerang on Trump.
and…
Julia Ioffe uncovers the State Department’s new loyalty oath.
and…
Abby Livingston profiles the Vlasto political war machine.
and and and…
Peter Hamby spotlights some thorny Trump polling.






  <https://userimg-assets.customeriomail.com/images/client-env-107382/1729520869698_tbs-icon-podcasts_01JAQQM8AY9NH956YXMPQWX3NY.png> 
PODCASTS


Reed Duchscher, C.E.O. of Night Media, discusses the post-MrBeast creator 
economy with Dylan and Julia on The Grill Room.
and…
Ourand gets Marchand back on The Varsity.
and…
Lauren and Bernstein analyst Luca Solca peruse the LVMH earnings on Fashion 
People.
and…
Al Sharpton joins John Heilemann to honor Jesse Jackson’s legacy on 
Impolitic.
and…
Sony Film C.E.O. Tom Rothman discusses the industry’s gyrations with Matt on 
The Town.
and…
Malique sits down with Peter to convey the Ssense drama 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.





The Zazgasm



On Thursday evening, I took advantage of the unseasonably warm temperature 
in Manhattan, which these days means anything above 40 degrees, and headed 
out for the evening on foot. I was bound for a dinner party thrown by my 
great pal Tammy Haddad at Zimmi’s on Bedford Street, not far from my old 
stomping grounds in the Village and the site of Puck’s very first office at 
64 Bank Street. Rather than hop on the 1 train from Rector Street, I dodged 
the slush by marching up Varick and then Seventh Avenue South, grateful to 
brave the cold after another eremitic week of bomb cyclone nonsense amid 
this endless winter.

Naturally, I checked my phone as I trudged on, keeping tabs on a couple of 
business items as they moved forward—some legal document review, a couple 
growth objectives, and the latest details on a fascinating new A.I. study of 
various company data sets. And then I noticed that my partner Matt Belloni 
had dropped a stunning note into Slack: Netflix had just walked away from 
its signed merger agreement with Warner Bros. Discovery following Paramount 
Skydance’s recent decision to enhance its offer to $31 per share, along with 
all kinds of deal sweeteners—a ticking fee, an enhanced breakup fee, and an 
enlarged commitment from Larry Ellison, the prospective combination’s new 
paterfamilias. On the tenth-ish try, the Ellisons at last appeared to have 
won their prize.

In many ways, as loyal readers know, this multilayered and seemingly endless 
telenovela has been Puck catnip for months. In fact, our fascination was 
initially piqued eons ago when Matt Belloni broke the news that the Ellisons 
were planning a run at Paramount. In the intervening months, the Ellisons 
outlasted its peers through a WBD journey that nearly single-handedly took 
the company’s stock from $7 per share to $31—an economic feat that will make 
C.E.O. David Zaslav more than half a billion bucks. Along the way, we also 
completed a deal that put both Zaz and RedBird on our own cap table.

As I turned the corner of Bedford and Commerce, a block where I used to play 
stoop ball as a kid, I quickly put together a conference call with Matt, 
Puck editorial director Matt Lynch, and our partner Bill Cohan, who has 
defined the coverage of this extraordinary leveraged buyout sweepstakes. 
During an exhilarating conversation, Matt and Bill worked through a plan for 
collaboration—speaking in the shorthand of loyal partners who knew each 
other’s bodies of work by heart. (In fact, Matt began the conversation by 
congratulating Bill on his excellent and prescient piece, published the 
prior day, entitled Ted, Don’t Do This...) They ticked through the most 
relevant and pressing details, from the $60 billion in debt that will sit on 
the newco’s balance sheet to the forthcoming layoff bloodbath amid a long 
and complex integration.

Hours later, Matt and Bill completed The Ellisons Catch the Warners Falling 
Knife, a brilliant and timely assessment of the numerous second-order 
impacts of the deal. The piece is filled with singular insights and bon mots 
that advance the scholarship on the deal, particularly on the financing 
side. “This is going to be one leveraged puppy,” Bill noted. “According to 
the just-released Paramount Skydance 10-K, the company has a little more 
than $10 billion of net debt already, and had around $3 billion of adjusted 
EBITDA in 2025 (a measure of profits), so leverage of around 3.3x. Not 
terrible. Not great. Now, with this $111 billion acquisition of all of WBD, 
Paramount will be adding something like another nearly $60 billion of debt 
to the equation, from three big Wall Street firms: Bank of America, 
Citigroup, and Apollo. So, let’s call it $70 billion of net debt, maybe more 
maybe less, on something like $12-or-so billion of adjusted EBITDA from the 
combined company.”

He continued, noting the challenges on the other side of the ledger: 
“Paramount is projecting $3.8 billion of adjusted EBITDA for 2026, and let’s 
say WBD will achieve the balance, earning around $8.7 billion of adjusted 
EBITDA this year. (Both are just estimates, of course). That’s nearly 6x 
leverage, and we’re talking about a huge amount of debt. In 2025, WBD hit 
that $8.7 billion in adjusted EBITDA exactly, a 3 percent decrease from the 
previous year, which doesn’t exactly sound like a growth business. The 
tougher news was that the just-completed fourth quarter was more of a 
struggle, with an adjusted EBITDA of $2.2 billion, a 20 percent 
year-over-year decline, with most of that decline coming from linear TV 
channels. That, of course, will be going into Paramount’s column when the 
deal closes.” In other words, this drama is hardly in its final act, 
ensuring that it will remain one of the great stories of our time far into 
the foreseeable future. And you can be sure you’ll read much more about it 
in Puck.





Have a great weekend,
Jon








  <https://userimg-assets.customeriomail.com/images/client-env-107382/1738778509539_footer-logo-desktop-update-2025-02-05_01JKBMD09PMV7KY6RTKWSS42R2.png>




Need help? Review our FAQ page or contact us 
<mailto:fritz@puck.news?utm_campaign=The+Backstory+-+LEADS+%282%2F28%2F26%29&utm_content=The+Backstory+-+LEADS+%282%2F28%2F26%29&utm_medium=email_action&utm_source=customer.io&utm_term=f6c60615e3d301d48d28> 
for assistance. For brand partnerships, email ads@puck.news 
<mailto:ads@puck.news?utm_campaign=The+Backstory+-+LEADS+%282%2F28%2F26%29&utm_content=The+Backstory+-+LEADS+%282%2F28%2F26%29&utm_medium=email_action&utm_source=customer.io&utm_term=f6c60615e3d301d48d28> 
.

You received this email because you signed up to receive emails from Puck, 
or as part of your Puck account associated with enzo@showfile.com. To stop 
receiving this newsletter and/or manage all your email preferences, click 
here.





Puck is published by Heat Media LLC. 107 Greenwich St., New York, NY 10006

  <https://email.puck.news/e/o/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0ifQ==>

------=_NextPart_000_0002_01DCA8BF.9DCE86D0
Content-Type: text/html;
	boundary="7b374005c37b7337048e384402cc1585fb030cc1c349e04ebf824bd089ac";
	charset="UTF-8"
Content-Transfer-Encoding: quoted-printable

<!-- We'll replace this content tag with whatever you write in your =
email  --><!DOCTYPE html><html xmlns:v=3D"urn:schemas-microsoft-com:vml" =
xmlns:o=3D"urn:schemas-microsoft-com:office:office" lang=3D"en"><head>
<title></title>
<meta http-equiv=3D"Content-Type" content=3D"text/html; =
charset=3Dutf-8"/>
<meta name=3D"viewport" content=3D"width=3Ddevice-width, =
initial-scale=3D1.0"/>
<link =
href=3D"https://fonts.googleapis.com/css2?family=3DInter:ital,opsz,wght@0=
,14..32,100..900;1,14..32,100..900&amp;display=3Dswap" =
rel=3D"stylesheet" type=3D"text/css"/>
<link href=3D"https://puck.news/wp-includes/css/puck-fonts.css" =
rel=3D"stylesheet" type=3D"text/css"/>
<style>*{box-sizing:border-box;}body{margin:0;padding:0;}a[x-apple-data-d=
etectors]{color:inherit!important;text-decoration:inherit!important;}p{li=
ne-height:inherit}.j =
img+div{display:none;}sup,sub{font-size:75%;line-height:0;}
@media (max-width:620px){.b{text-align:center;}.b td{margin:0 auto;}.u =
.o .oq.g .r .m,.c{width:100%!important;}.i =
.y{width:100%;display:block;}.u .o .oq.g =
span{line-height:28px!important;}.q .o{padding:12px 0 6px!important;} }
</style>
</head>
<body =
style=3D"margin:0;background-color:#f8f8f8;padding:0;-webkit-text-size-ad=
just:none;text-size-adjust:none;"><div style=3D"display: none">Welcome =
back to The Backstory, your weekend review of the best new work at Puck. =
It was another incredible week. Bill Cohan told Ted Sarandos to walk =
away from the WBD deal, and then he and Matt Belloni parsed the =
aftershocks of the Ellisons=E2=80=99 winning offer in surgical detail. =
Meanwhile, Dylan Byers revealed the Bari Weiss=E2=80=93induced panic =
inside CNN; Julia Alexander examined a streaming mega-trend. =
=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
=E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =E2=80=87=CD=8F =
=E2=80=87=CD=8F =E2=80=87=CD=8F =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =
=C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =
=C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =
=C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =
=C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =C2=AD =
=C2=AD =C2=AD =C2=AD =C2=AD =C2=AD=C2=A0</div>
<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;background-color:#f8f8=
f8;"><tbody><tr><td>
<table class=3D"q" 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;background-size:auto;"=
><tbody><tr><td>
<table class=3D"c" 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:#f8f8=
f8;background-size:auto;background-image:url('https://userimg-assets.cust=
omeriomail.com/images/client-env-107382/1729522224401_links-bg-80_01JAQRX=
K9QCQFM5YW931W53SMQ.png');background-repeat:no-repeat;border-radius:0;col=
or:#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-align:left;padding-bottom:2=
px;padding-left:24px;padding-right:24px;padding-top:10px;vertical-align:t=
op;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td><div =
style=3D"color:#767676;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;">Feb 28, =
2026</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;border-bottom:1px solid #d40000;vertical-align:top;">
<table class=3D"j" 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"width:100%;"><div class=3D"r" align=3D"center"><div =
style=3D"max-width:600px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvbm=
V3c2xldHRlcnMvdGhlLWJhY2tzdG9yeS8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLSt=
MRUFEUyslMjgyJTJGMjglMkYyNiUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3Rvcnkr=
LStMRUFEUyslMjgyJTJGMjglMkYyNiUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uX=
HUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMz=
AxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjM=
3MTg0fQ/772ae3a38d2f3f7600b6c83119180dbfbefe7d37434d4403b647d11a24c80a06"=
 target=3D"_blank"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1730910024645_nameplate-the-backstory-290-noborder_01JC14DWZHTWY8J94VNET=
CN0Q2.png" style=3D"display:block;height:auto;
border:0;width:100%;" width=3D"600" alt=3D"The Backstory" title=3D"The =
Backstory" height=3D"auto"/></a></div></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:24px;vertical-=
align:top;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;text-align:center;line=
-height:0;"><tbody><tr><td =
style=3D"vertical-align:middle;color:#000000;font-family:'PuckSerifDispla=
y','Georgia';font-size:20px;font-weight:400;padding-bottom:12px;text-alig=
n:center;">
<table class=3D"b" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;p=
adding-left:0px;padding-right:0px;" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation"><tbody><tr><td =
style=3D"vertical-align:middle;text-align:center;padding-top:0px;padding-=
bottom:0px;padding-left:0px;padding-right:8px;"><img alt=3D"PREVIEW =
VERSION" =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1734018969249_preview-black-outline-32_01JEXSBBQMNMC2Q7QT5X7ACH6X.png" =
height=3D"auto" width=3D"32" 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:#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;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvam=
9pbi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiU=
yOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYy=
NiUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b=
21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOi=
JmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjU1ODY3OX0/341ad6d194ece4586ce=
500e064d84279720c9b821a34744dc2da1acc4cdb08a3" target=3D"_blank" =
rel=3D"noopener" =
style=3D"text-decoration:underline;color:#d40000;">Start a
free 14-day trial</a> 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 weekend review of =
the best new work at
Puck.<br/><br/>It was another incredible week. <strong>Bill Cohan =
</strong>told <strong>Ted Sarandos </strong>to walk away from the WBD =
deal, and then he and <strong>Matt Belloni </strong>parsed the =
aftershocks of the <strong>Ellisons</strong>=E2=80=99 winning offer in =
surgical detail. Meanwhile, <strong>Dylan Byers </strong>revealed the =
<strong>Bari Weiss</strong>=E2=80=93induced panic inside CNN; =
<strong>Julia Alexander </strong>examined a streaming mega-trend; =
<strong>Kim Masters </strong>double-checked the
president=E2=80=99s UFC crowd math; <strong>Eriq Gardner =
</strong>offered a talmudic reading of the antitrust trial of the year; =
<strong>John Ourand </strong>presaged a hockey Olympics hangover; =
<strong>Lauren Sherman</strong> documented the =
<strong>Gredes</strong>=E2=80=99 post-<strong>Kardashian =
</strong>ambitions; <strong>Rachel Strugatz </strong>foreshadowed some =
Sephora tremors; new guy <strong>Malique Morris </strong>analyzed =
Ssense=E2=80=99s resurrection plan; <strong>Sarah Shapiro</strong> =
identified a new
front in the influencer wars; <strong>Ian Krietzberg</strong> =
scrutinized <strong>Dario Amodei</strong>=E2=80=99s war with the =
Pentagon; and <strong>Marion Maneker </strong>ran the numbers on =
Sotheby=E2=80=99s next major sale, while <strong>Dan Duray =
</strong>peeped the <strong>Obamas</strong>=E2=80=99 art =
stash.<br/><br/>In Washington, <strong>Julia Ioffe </strong>reported on =
<strong>Marco Rubio</strong>=E2=80=99s new Foggy Bottom loyalty oath; =
<strong>Leigh Ann Caldwell</strong> pondered the new <strong>Clinton
</strong>precedent in Congress; <strong>Peter Hamby </strong>got his =
hands on some eye-opening <strong>Trump </strong>polling; and =
<strong>Abby Livingston </strong>exposed Fairshake=E2=80=99s cryptobucks =
strategy.</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:36px;text-align:center;"><div class=3D"r" =
align=3D"center"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvam=
9pbi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiU=
yOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYy=
NiUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b=
21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOi=
JmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjU1ODY3OX0/341ad6d194ece4586ce=
500e064d84279720c9b821a34744dc2da1acc4cdb08a3" 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=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvam=
Vucy1lbW1hLWdyZWRlcy1uZXh0LWJldC1hZnRlci1za2ltcy1wb3B1bGFyLWN1bHR1cmUvP3V=
0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAw=
MjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcd=
TAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW=
9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA=
2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyNjAxMDQ3fQ/363ff7b9186f3fe3b4ebb68a9=
b09232908ebd37432b393b3a767ab692fb58e0f" =
style=3D"text-decoration:underline;color:#d40000;">explores</a> the =
<strong>Grede </strong>industrial complex and <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvc2=
FuY2hlei1iZXpvcy1tZXQtZ2FsYS1jaGF0dGVyLXByYWRhcy1zbWFydC1taWxhbi1jb2xsZWN=
0aW9uLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2=
JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyR=
jI2JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3=
RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI=
6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjYwNTgwNH0/aa523a26bb177e6a=
83a0488cb19be24c6d7c2a4b30fe8abf4163a63c723fa127" =
style=3D"text-decoration:underline;color:#d40000;">digs into</a> the =
<strong>S=C3=A1nchez</strong>-<strong>Bezos </strong>Met Gala =
chatter.<br/><em>and=E2=80=A6</em><br/><strong>Rachel Strugatz
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvc2=
VwaG9yYS1sb3Nlcy1ncmlwLW9uLXByZXN0aWdlLWJlYXV0eS1hcy1yaXZhbHMtcmlzZS8_dXR=
tX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiUyOVx1MDAy=
NnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiUyOVx1M=
DAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1=
x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDY=
xNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI1OTc3MzZ9/fcb6062f2dd4d9453935ec83f29=
fd75292a9b0fefd995d48529ce9b288d4651c" =
style=3D"text-decoration:underline;color:#d40000;">lays out</a> =
Sephora=E2=80=99s TikTok =
problem.<br/><em>meanwhile</em>=E2=80=A6<br/><strong>Malique Morris =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvc3=
NlbnNlLWhhcy1zdXJ2aXZlZC1iYW5rcnVwdGN5LWJ1dC13aGF0cy1uZXh0Lz91dG1fY2FtcGF=
pZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRtX2Nv=
bnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRtX=
21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dX=
RtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzA=
xZDQ4ZDI4IiwibGlua19pZCI6MjU5NTA4OX0/849d666a51c1077f3d413c665a0e66e15a71=
00d656bd313e2452527138afb562" =
style=3D"text-decoration:underline;color:#d40000;">assesses</a> =
Ssense=E2=80=99s second act, while <strong>Sarah Shapiro
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYm=
VoaW5kLWluc3RhZ3JhbXMtc2hvcC10aGUtbG9vay1iZXRhLXRlc3QvP3V0bV9jYW1wYWlnbj1=
UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAwMjZ1dG1fY29udGVu=
dD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAwMjZ1dG1fbWVka=
XVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdG=
VybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDh=
kMjgiLCJsaW5rX2lkIjoyNTkwNjkzfQ/513cc71564a9c415f991ade7867940194b6c84fdf=
68d0bc020222af51871dbb3" =
style=3D"text-decoration:underline;color:#d40000;">revels</a> in the =
Instagram influencer circus.</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=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvc2=
90aGVieXMtMzBtLWRlc2lnbi1zYWxlLWRlLWd1bnpidXJnLXRyZWFzdXJlcy1oaXQtYmxvY2s=
vP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlc=
dTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlM=
jlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZX=
IuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZ=
jNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyNTk2OTUwfQ/affc1df8adc1ef6db6934=
5058aaa434c08b90d0c836249a039a5903457febeda" =
style=3D"text-decoration:underline;color:#d40000;">details</a> the =
latest sign of a market =
turnaround.<br/><em>and=E2=80=A6.</em><br/><strong>Dan Duray =
</strong>gets the <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvb2=
JhbWEtcHJlc2lkZW50aWFsLWNlbnRlci1jdXJhdG9yLW9uLXRoZS1vYmFtYXMtYXJ0LXRhc3R=
lcy8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiUy=
OVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyN=
iUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b2=
1lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJ=
mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI1OTE5NDB9/25ea2c4e40bd59a9d7d=
4e0e2bd79cae771089d592c28f6c5a2b634d9878e47af" =
style=3D"text-decoration:underline;color:#d40000;">backstory</a> on the =
<strong>Obamas</strong>=E2=80=99 art holdings.</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>and <strong>Bill Cohan
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
JkLXN3ZWVwc3Rha2VzLXdoeS1kaWQtbmV0ZmxpeC1mb2xkLXNvLXN1ZGRlbmx5Lz91dG1fY2F=
tcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRt=
X2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2d=
XRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMD=
I2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTN=
kMzAxZDQ4ZDI4IiwibGlua19pZCI6MjYwMjAwOX0/7b2556a9839802a4b2c382bf60e33bf4=
49bac35b91d05301d99df1ff49f4258a" =
style=3D"text-decoration:underline;color:#d40000;">cover</a> every =
square inch=E2=80=94the leverage, layoffs, CNN impact, theatrical =
consequences, and more=E2=80=94of the Paramount=E2=80=93WBD =
deal.<br/><em>and=E2=80=A6</em><br/><strong>Julia Alexander </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdG=
hlLWZhc3QtcmVuYWlzc2FuY2UtNC1odXJkbGVzLXRvLWNvbnRpbnVlZC1ncm93dGgvP3V0bV9=
jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAwMjZ1=
dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAwM=
jZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTV=
lM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyNTk4MzQ4fQ/45cad4622e4f3c42fac5f6c89958b=
1a50414e12d35b9ac0d846377feecad558a" =
style=3D"text-decoration:underline;color:#d40000;">spies</a> trouble =
ahead for one of the streaming market=E2=80=99s
bright spots.<br/><em>meanwhile=E2=80=A6</em><br/><strong>Kim Masters =
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdH=
J1bXBzLXVmYy1tYXRoLXByb2JsZW0tcm9iLXJlaW5lcnMtbWFnYS1wYXJ0bmVyLz91dG1fY2F=
tcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRt=
X2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2d=
XRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMD=
I2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTN=
kMzAxZDQ4ZDI4IiwibGlua19pZCI6MjU5Mzk2NH0/aef6fffa23a5ed375e9ba9500ef4cbc5=
be4383ad437c2b9e2cb41e53f17716b9" =
style=3D"text-decoration:underline;color:#d40000;">pours</a> cold water =
on Trump=E2=80=99s plans to host 100,000 UFC fans on the White House =
lawn.</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=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvY2=
FuLWFudGhyb3BpYy1zdGF5LWV0aGljYWwtdW5kZXItYmlsbGlvbi1kb2xsYXItcHJlc3N1cmU=
vP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlc=
dTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlM=
jlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZX=
IuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZ=
jNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyNTk5Mjc2fQ/5747c05f2b4569ec2933e=
dc89f03336f6747b45891a3e98b663413181909d15e" =
style=3D"text-decoration:underline;color:#d40000;">wades into</a> the =
Anthropic=E2=80=93OpenAI holy war.</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>Will =
Hodgkinson
</strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9haXJtYWlsLm5ld3=
MvaXNzdWVzLzIwMjYtMi0yMS90aGUtZGFyay1zaWRlLW9mLXBhdWwtbWNjYXJ0bmV5P3V0bV9=
jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAwMjZ1=
dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAwM=
jZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTV=
lM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyNjA1ODA1fQ/74c7885d9ad628eef950b16cc8ee4=
86989e9a624586ce0e83dba183d5b2de9fd" =
style=3D"text-decoration:underline;color:#d40000;">revisits</a> =
<strong>Paul McCartney</strong>=E2=80=99s post-Beatles =
era.<br/><em>and=E2=80=A6</em><br/><strong>Carolina de Armas </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9haXJtYWlsLm5ld3=
MvaXNzdWVzLzIwMjYtMi0yMS9za2ktZ2lybGllcy1qdXN0LXdhbnQtdG8taGF2ZS1mdW4_dXR=
tX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiUyOVx1MDAy=
NnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiUyOVx1M=
DAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1=
x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDY=
xNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI2MDU4MDZ9/b01d74473035271f6590761ae11=
f39edce46a4474356e693605cc6f52266badc" =
style=3D"text-decoration:underline;color:#d40000;">hits the slopes</a> =
with a new breed of snow bunny.</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=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZW=
xsaXNvbi1za3lkYW5jZS1kZWFsLXNwYXJrcy1jbm4tcGFuaWMtb3Zlci1iYXJpLXdlaXNzLz9=
1dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUw=
MDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5X=
HUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLm=
lvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzY=
wNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjYwNTI1M30/c0c96d7a1e331906abe89135=
a885bff376275925bf983a1d3f57cef2d238f279" =
style=3D"text-decoration:underline;color:#d40000;">checks in</a> on the =
psychological meltdown consuming CNN.</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><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LW9seW1waWMtaG9ja2V5LWdvbGQtd29udC1saWZ0LW5obC1yYXRpbmdzLz91dG1fY2FtcGF=
pZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRtX2Nv=
bnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRtX=
21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dX=
RtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzA=
xZDQ4ZDI4IiwibGlua19pZCI6MjU5MzQ5OH0/f2dd14305c4ba2637321b3afd5846a8f66b2=
d692d4e4fb578c2c7109c7ab2d87" =
style=3D"text-decoration:underline;color:#d40000;">chronicles</a> the =
NHL=E2=80=99s post-Milano =
blues.<br/><em>and=E2=80=A6</em><br/><strong>Julia Alexander </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZX=
Nwbi1iZXRzLTU1MC1taWxsaW9uLW9uLW1sYi10di1kZWFsLXRvLXNhdmUtc3RyZWFtaW5nLWZ=
1dHVyZS8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYy=
NiUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglM=
kYyNiUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdX=
N0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWw=
iOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI1OTcyMTh9/0da882e4adee3c5=
e77a38a842a0c346c4a81cf1908f68315535b2805ebf9c446" =
style=3D"text-decoration:underline;color:#d40000;">unravels</a> =
ESPN=E2=80=99s baseball economics.</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=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LXRlZC1zYXJhbmRvcy1zaG91bGQtd2Fsay1hd2F5LWZyb20td2JkLz91dG1fY2FtcGFpZ24=
9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRtX2NvbnRl=
bnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRtX21lZ=
Gl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3=
Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ=
4ZDI4IiwibGlua19pZCI6MjU5NzY5M30/5bd99e12d51df8448f659f31ff055a26dc8c76c4=
387ce82b3dbae7b3da3e04b5" =
style=3D"text-decoration:underline;color:#d40000;">unpacks</a> =
<strong>David Ellison</strong>=E2=80=99s backbreaking debt =
load.</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=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
lsbC1kb25hbGQtdHJ1bXAtcmVncmV0LXRoZS1jbGludG9uLWVwc3RlaW4tZGVwb3NpdGlvbi8=
_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiUyOVx1=
MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiUyO=
Vx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci=
5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM=
2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI1OTc4NTN9/db4a606c10547402c69c108=
d1f81b2d91ca2715e3d545594942b5becf1ea69ff" =
style=3D"text-decoration:underline;color:#d40000;">explains</a> how the =
<strong>Clintons</strong>=E2=80=99 <strong>Epstein</strong> deposition =
could boomerang on Trump.<br/><em>and=E2=80=A6</em><br/><strong>Julia =
Ioffe </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvcn=
ViaW9zLWxveWFsdHktZXhhbS1zdGF0ZS1tYWdhZmllZC1mb3JlaWduLXNlcnZpY2UtdGVzdC8=
_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiUyOVx1=
MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiUyO=
Vx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci=
5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM=
2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI2MDEyNTB9/32556d800ddf16fbed17566=
f9af9a568c1d68b7290fbafc810411c7ff091f73e" =
style=3D"text-decoration:underline;color:#d40000;">uncovers</a> the =
State Department=E2=80=99s new loyalty
oath.<br/><em>and=E2=80=A6</em><br/><strong>Abby Livingston </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvY3=
J5cHRvcy0yMDBtLXdhci1vbi1kZW1vY3JhdGljLWhvdXNlLWluY3VtYmVudHMvP3V0bV9jYW1=
wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAwMjZ1dG1f=
Y29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAwMjZ1d=
G1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMj=
Z1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2Q=
zMDFkNDhkMjgiLCJsaW5rX2lkIjoyNTkzNTk5fQ/e23335ef753d319b34105a7e70c74ab36=
9864e8d200d46c9579eecb21f58605d" =
style=3D"text-decoration:underline;color:#d40000;">profiles</a> the =
<strong>Vlasto </strong>political war machine.<br/><em>and and =
and=E2=80=A6</em><br/><strong>Peter Hamby </strong><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LXRydW1wcy1lY29ub21pYy13aW5zLWFyZW50LWdldHRpbmctdGhyb3VnaC10by12b3RlcnM=
vP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlc=
dTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlM=
jlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZX=
IuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZ=
jNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyNTk0ODk4fQ/9c138b2ee39ea84b4a4d6=
d346ef976dfb9a20be5851995d058cca3670d446b58" =
style=3D"text-decoration:underline;color:#d40000;">spotlights</a> some =
thorny Trump polling.</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;"><strong>Reed =
Duchscher</strong>, C.E.O. of Night Media, discusses the post-MrBeast =
creator
economy with Dylan and Julia on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL3RoZS1wb3N0LW1yYmVhc3QtY3JlYXRvci1lY29ub215Lz91dG1fY2F=
tcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRt=
X2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2d=
XRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMD=
I2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTN=
kMzAxZDQ4ZDI4IiwibGlua19pZCI6MjU5NDY4Nn0/b816f85deab486e05ee346869cb54b1d=
17b90620cd4b3e60b5e2416138b4f701" =
style=3D"text-decoration:underline;color:#d40000;"><em>The Grill =
Room</em></a>.<br/><em>and=E2=80=A6</em><br/>Ourand gets =
<strong>Marchand </strong>back on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL21sYnMtbmV0ZmxpeC1lcmEvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N=
0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFj=
a3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX=
2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MD=
YxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5=
rX2lkIjoyNTk4ODM4fQ/adac9f9522b166752c64b378be2e7506747bd5d3c35ce2aca442d=
47d15ebc590" style=3D"text-decoration:underline;color:#d40000;"><em>The =
Varsity</em></a>.<br/><em>and=E2=80=A6</em><br/>Lauren and Bernstein =
analyst <strong>Luca Solca </strong>peruse the LVMH earnings on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL2NoYW1wYWduZS1wcm9ibGVtcy8_dXRtX2NhbXBhaWduPVRoZStCYWN=
rc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStC=
YWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiUyOVx1MDAyNnV0bV9tZWRpdW09ZW1ha=
WxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2Yz=
YwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImx=
pbmtfaWQiOjI1OTQ2ODV9/87e9d8ec7bee34bc298374086b40bb7f25454ba473d12e2e40b=
871128fe074e9" =
style=3D"text-decoration:underline;color:#d40000;"><em>Fashion =
People</em></a>.<br/><em>and=E2=80=A6</em><br/><strong>Al Sharpton =
</strong>joins <strong>John Heilemann </strong>to honor <strong>Jesse =
Jackson</strong>=E2=80=99s legacy on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL2FsLXNoYXJwdG9uLWhvdy1qZXNzZS1qYWNrc29uLWtlcHQtaG9wZS1=
hbGl2ZS8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYy=
NiUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglM=
kYyNiUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdX=
N0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWw=
iOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjI1OTAzMDR9/80fc792b01702fe=
fc48cff3c0d331aff510cfb03f38ca4db30fa51c00a829961" =
style=3D"text-decoration:underline;color:#d40000;"><em>Impolitic</em></a>=
.<br/><em>and=E2=80=A6</em><br/>Sony Film C.E.O. <strong>Tom Rothman
</strong>discusses the industry=E2=80=99s gyrations with Matt on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL3BhcnQtMi1zb255LWZpbG0tY2VvLW9uLW1hcnZlbHMtZGVjbGluZS1=
hbmQtaG9sbHl3b29kcy1vcmlnaW5hbGl0eS1jcmlzaXMvP3V0bV9jYW1wYWlnbj1UaGUrQmFj=
a3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQ=
mFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI4JTJGMjYlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYW=
lsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM=
2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJs=
aW5rX2lkIjoyNjA1ODA3fQ/cb639bebf69838de669079193225196ce727aab3f4f6cb7824=
e407b12da07f5f" =
style=3D"text-decoration:underline;color:#d40000;"><em>The =
Town</em></a>.<br/><em>and=E2=80=A6</em><br/>Malique sits down with =
Peter to convey the Ssense drama on <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG=
9kY2FzdF9lcGlzb2RlL3NzZW5zZXMtYmFua3J1cHRjeS1zdXJ2aXZhbC1wbGFuLz91dG1fY2F=
tcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRt=
X2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2d=
XRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMD=
I2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTN=
kMzAxZDQ4ZDI4IiwibGlua19pZCI6MjYwMjc2MH0/33a17d3a6200cfae95f2012c72704823=
232cb56fbb3426b98f264a7d418db0d0" =
style=3D"text-decoration:underline;color:#d40000;"><em>The Powers That =
Be</em></a>.</p></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom: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;"><em>As a reminder, =
you can update your profile at any time to get more stories like these =
directly in your
inbox. <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvbm=
V3c2xldHRlcnMvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjI=
4JTJGMjYlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUy=
RjI4JTJGMjYlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY=
2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludG=
VybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoxNTZ9/cd47d9dfcb20d1=
6962f6df7ad3c5596be7372bf5f094d7f7d2d038e45b807d73" target=3D"_blank" =
rel=3D"noopener" =
style=3D"text-decoration:underline;color:#d40000;">Click here</a> 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;">The Zazgasm</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;">On Thursday evening, =
I took advantage of the unseasonably warm temperature in Manhattan, =
which these days
means anything above 40 degrees, and headed out for the evening on foot. =
I was bound for a dinner party thrown by my great pal <strong>Tammy =
Haddad </strong>at Zimmi=E2=80=99s on Bedford Street, not far from my =
old stomping grounds in the Village and the site of Puck=E2=80=99s very =
first office at 64 Bank Street. Rather than hop on the 1 train from =
Rector Street, I dodged the slush by marching up Varick and then Seventh =
Avenue South, grateful to brave the cold after another eremitic week of =
bomb cyclone
nonsense amid this endless winter.<br/><br/>Naturally, I checked my =
phone as I trudged on, keeping tabs on a couple of business items as =
they moved forward=E2=80=94some legal document review, a couple growth =
objectives, and the latest details on a fascinating new A.I. study of =
various company data sets. And then I noticed that my partner =
<strong>Matt Belloni</strong> had dropped a stunning note into Slack: =
Netflix had just walked away from its signed merger agreement with =
Warner Bros. Discovery following
Paramount Skydance=E2=80=99s recent decision to enhance its offer to $31 =
per share, along with all kinds of deal sweeteners=E2=80=94a ticking =
fee, an enhanced breakup fee, and an enlarged commitment from =
<strong>Larry Ellison</strong>, the prospective combination=E2=80=99s =
new <em>paterfamilias</em>. On the tenth-ish try, the Ellisons at last =
appeared to have won their prize.<br/><br/>In many ways, as loyal =
readers know, this multilayered and seemingly endless telenovela has =
been Puck catnip for months. In fact, our
fascination was initially piqued eons ago when <strong>Matt =
Belloni</strong> broke the news that the Ellisons were planning a run at =
Paramount. In the intervening months, the Ellisons outlasted its peers =
through a WBD journey that nearly single-handedly took the =
company=E2=80=99s stock from $7 per share to <em>$31</em>=E2=80=94an =
economic feat that will make C.E.O. <strong>David Zaslav </strong>more =
than half a billion bucks. Along the way, we also completed a deal that =
put both Zaz and RedBird on our own cap
table.<br/><br/>As I turned the corner of Bedford and Commerce, a block =
where I used to play stoop ball as a kid, I quickly put together a =
conference call with Matt, Puck editorial director <strong>Matt =
Lynch</strong>, and our partner <strong>Bill Cohan</strong>, who has =
defined the coverage of this extraordinary leveraged buyout sweepstakes. =
During an exhilarating conversation, Matt and Bill worked through a plan =
for collaboration=E2=80=94speaking in the shorthand of loyal partners =
who knew each other=E2=80=99s
bodies of work by heart. (In fact, Matt began the conversation by =
congratulating Bill on his excellent and prescient piece, published the =
prior day, entitled <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
h5LXRlZC1zYXJhbmRvcy1zaG91bGQtd2Fsay1hd2F5LWZyb20td2JkLz91dG1fY2FtcGFpZ24=
9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRtX2NvbnRl=
bnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRtX21lZ=
Gl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3=
Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ=
4ZDI4IiwibGlua19pZCI6MjU5NzY5M30/5bd99e12d51df8448f659f31ff055a26dc8c76c4=
387ce82b3dbae7b3da3e04b5" =
style=3D"text-decoration:underline;color:#d40000;"><em>Ted, =
Don=E2=80=99t Do This...</em></a>) They ticked through the most relevant =
and pressing details, from the $60 billion in debt that will sit on the =
newco=E2=80=99s balance sheet to the forthcoming layoff bloodbath amid a =
long and
complex integration.<br/><br/>Hours later, Matt and Bill completed <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2=
JkLXN3ZWVwc3Rha2VzLXdoeS1kaWQtbmV0ZmxpeC1mb2xkLXNvLXN1ZGRlbmx5Lz91dG1fY2F=
tcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRt=
X2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2d=
XRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMD=
I2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTN=
kMzAxZDQ4ZDI4IiwibGlua19pZCI6MjYwMjAwOX0/7b2556a9839802a4b2c382bf60e33bf4=
49bac35b91d05301d99df1ff49f4258a" =
style=3D"text-decoration:underline;color:#d40000;"><em>The Ellisons =
Catch the Warners Falling Knife</em></a>, a brilliant and timely =
assessment of the numerous second-order impacts of the deal. The piece =
is filled with singular insights and bon mots that advance the =
scholarship on the deal, particularly on the financing side. =
=E2=80=9CThis is going to be
one leveraged puppy,=E2=80=9D Bill noted. =E2=80=9CAccording to the =
just-released Paramount Skydance 10-K, the company has a little more =
than $10 billion of net debt already, and had around $3 billion of =
adjusted EBITDA in 2025 (a measure of profits), so leverage of around =
3.3x. Not terrible. Not great. Now, with this $111 billion acquisition =
of <em>all</em> of WBD, Paramount will be adding something like another =
nearly <em>$60</em> <em>billion</em> of debt to the equation, from three =
big Wall Street firms:
Bank of America, Citigroup, and Apollo. So, let=E2=80=99s call it $70 =
billion of net debt, maybe more maybe less, on something like $12-or-so =
billion of adjusted EBITDA from the combined =
company.=E2=80=9D<br/><br/>He continued, noting the challenges on the =
other side of the ledger: =E2=80=9CParamount is projecting $3.8 billion =
of adjusted EBITDA for 2026, and let=E2=80=99s say WBD will achieve the =
balance, earning around $8.7 billion of adjusted EBITDA this year. (Both =
are just estimates, of course). That=E2=80=99s nearly 6x leverage,
and we=E2=80=99re talking about a <em>huge</em> amount of debt. In 2025, =
WBD hit that $8.7 billion in adjusted EBITDA exactly, a 3 percent =
decrease from the previous year, which doesn=E2=80=99t exactly sound =
like a growth business. The tougher news was that the just-completed =
fourth quarter was more of a struggle, with an adjusted EBITDA of $2.2 =
billion, a 20 percent year-over-year decline, with most of that decline =
coming from linear TV channels. That, of course, will be going into =
Paramount=E2=80=99s column when the
deal closes.=E2=80=9D In other words, this drama is hardly in its final =
act, ensuring that it will remain one of the great stories of our time =
far into the foreseeable future. And you can be sure you=E2=80=99ll read =
<em>much</em> more about it in 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-bottom:32px;"><div class=3D"r" align=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" width=3D"30%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"font-size:1px;line-height:1px;border-top:2px solid =
#d40000;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:32px;"><div =
style=3D"color:#000000;direction:ltr;font-family:'Inter','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;">Have a great =
weekend,<br/>Jon</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;background-color:#ffff=
ff;border-radius:0;color:#000000;width:600px;margin:0 auto;" =
width=3D"600"><tbody><tr><td class=3D"y o" width=3D"100%" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-bottom:32px;padding-left:24px;padding-right:24px;paddin=
g-top:32px;vertical-align:top;">
<table class=3D"j" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"width:100%;"><div class=3D"r" align=3D"center"><div =
style=3D"max-width:552px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvam=
9pbi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYyNiU=
yOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMjglMkYy=
NiUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b=
21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOi=
JmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjU1ODY3OX0/341ad6d194ece4586ce=
500e064d84279720c9b821a34744dc2da1acc4cdb08a3" target=3D"_blank"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1738620896936_leads-image-generic-update-2025-02-03_01JK6Y31Q47TYPV5EA90=
13RYAB.jpg" style=3D"display:block;height:auto;border:0;width:100%;" =
width=3D"552" alt=3D"Start your free trial today" title=3D"Start your =
free trial today" height=3D"auto"/></a></div></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;vertical-align:top;">
<table class=3D"j" 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-top:32px;width:100%;"><div =
class=3D"r" align=3D"center"><div style=3D"max-width:552px;"><img =
src=3D"https://userimg-assets.customeriomail.com/images/client-env-107382=
/1738778509539_footer-logo-desktop-update-2025-02-05_01JKBMD09PMV7KY6RTKW=
SS42R2.png" style=3D"display:block;height:auto;border:0;width:100%;" =
width=3D"552" alt=3D"Puck" title=3D"Puck" height=3D"auto"/></div></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbody><tr><td =
style=3D"padding-bottom:32px;text-align:center;padding-right:0px;padding-=
left:0px;"><div class=3D"r" align=3D"center">
<table width=3D"188px" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;display:inline-block;"=
><tbody><tr><td style=3D"padding:0 10px 0 0;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9mYWNlYm9vay5jb2=
0vcHVja2RvdG5ld3M_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJ=
GMjglMkYyNiUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgy=
JTJGMjglMkYyNiUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3Nvd=
XJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW=
50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjEwfQ/9c1f40ce991e=
859c6b50d8b69010972df98e296eedf09381247f1ed0afa2cbb0" =
target=3D"_blank"><img =
src=3D"https://d15k2d11r6t6rl.cloudfront.net/pub/bfra/0r5b4t0n/t11/lt4/v5=
y/footer-social-facebook.png" width=3D"32" height=3D"auto" =
alt=3D"Facebook" title=3D"Facebook" =
style=3D"display:block;height:auto;border:0;"/></a>
</td><td style=3D"padding:0 10px 0 10px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly90d2l0dGVyLmNvbS=
9QdWNrTmV3cz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCU=
yRjI2JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYy=
OCUyRjI2JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlP=
WN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm=
5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MTF9/ff4d24fbfdfe0d63a2=
b7f87197fa16590bb8e0b864f09a600ea64bcd8412d0c6" target=3D"_blank"><img =
src=3D"https://d15k2d11r6t6rl.cloudfront.net/pub/bfra/0r5b4t0n/n25/uhh/ue=
o/footer-social-twitter.png" width=3D"32" height=3D"auto" =
alt=3D"Twitter" title=3D"Twitter" =
style=3D"display:block;height:auto;border:0;"/></a>
</td><td style=3D"padding:0 10px 0 10px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9pbnN0YWdyYW0uY2=
9tL3B1Y2tkb3RuZXdzP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiU=
yRjI4JTJGMjYlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4=
MiUyRjI4JTJGMjYlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb=
3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsIm=
ludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoxMn0/92fe2d57cf4=
399d9f8d5b5a780732c5043c889531f3d120553dd0b4251faee07" =
target=3D"_blank"><img =
src=3D"https://d15k2d11r6t6rl.cloudfront.net/pub/bfra/0r5b4t0n/hfx/bkm/tv=
2/footer-social-instagram.png" width=3D"32" height=3D"auto" =
alt=3D"Instagram" title=3D"Instagram" =
style=3D"display:block;height:auto;border:0;"/></a>
</td><td style=3D"padding:0 0 0 10px;"><a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9saW5rZWRpbi5jb2=
0vY29tcGFueS9wdWNrbmV3cz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyU=
yODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURT=
KyUyODIlMkYyOCUyRjI2JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1d=
G1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMj=
giLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MTN9/99438a=
3aa32bbd1ced15636b685ea25d333aacb09088d2b9a7b98debf6d70255" =
target=3D"_blank"><img =
src=3D"https://d15k2d11r6t6rl.cloudfront.net/pub/bfra/0r5b4t0n/z5a/sg3/kg=
l/footer-social-linkedin.png" width=3D"32" height=3D"auto" =
alt=3D"LinkedIn" title=3D"LinkedIn" =
style=3D"display:block;height:auto;border:0;"/></a>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-break:break-word;=
"><tbody><tr><td style=3D"padding-bottom:32px;"><div =
style=3D"color:#000;direction:ltr;font-family:'Inter','Arial';font-size:1=
4px;font-weight:400;letter-spacing:0px;line-height:1.2;text-align:left;ms=
o-line-height-alt:17px;"><p style=3D"margin:0;margin-bottom:16px;">Need =
help? Review our
<a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvZm=
FxLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2JTI=
5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYyOCUyRjI2=
JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3Rvb=
WVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6Im=
Y2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjU1NDM1fQ/4b46bac1af774e784d72=
237f000f9302c96e9e9232b4f56ebd0494817b4b00e8" target=3D"_blank" =
title=3D"FAQs page" style=3D"text-decoration:underline;color:#d40000;" =
rel=3D"noopener">FAQ page</a> or <a =
href=3D"mailto:fritz@puck.news?utm_campaign=3DThe+Backstory+-+LEADS+%282%=
2F28%2F26%29&amp;utm_content=3DThe+Backstory+-+LEADS+%282%2F28%2F26%29&am=
p;utm_medium=3Demail_action&amp;utm_source=3Dcustomer.io&amp;utm_term=3Df=
6c60615e3d301d48d28" target=3D"_blank" rel=3D"noopener" title=3D"contact =
us" style=3D"text-decoration:underline;color:#d40000;">contact us</a> =
for assistance. For brand partnerships, email <a =
href=3D"mailto:ads@puck.news?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F=
28%2F26%29&amp;utm_content=3DThe+Backstory+-+LEADS+%282%2F28%2F26%29&amp;=
utm_medium=3Demail_action&amp;utm_source=3Dcustomer.io&amp;utm_term=3Df6c=
60615e3d301d48d28" target=3D"_blank" rel=3D"noopener" title=3D"brand =
partnerships" =
style=3D"text-decoration:underline;color:#d40000;">ads@puck.news</a>.</p>=

<p style=3D"margin:0;">You received this email because you signed up to =
receive emails from Puck, or as part of your Puck account associated =
with enzo@showfile.com. To stop receiving this newsletter and/or manage =
all your email preferences, <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT=
05LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdW=
5zdWJzY3JpYmUvP3N1YnNjcmlwdGlvbj10aGVfYmFja3N0b3J5XHUwMDI2ZW1haWw9ZW56b0B=
zaG93ZmlsZS5jb21cdTAwMjZkZWxpdmVyeV9pZD1kZ1QyeGdZREFOU05LTk9OS0FHY3BJMWlx=
ZmxhSi1DRlp2UUxuZkk9XHUwMDI2dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEU=
yslMjgyJTJGMjglMkYyNiUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRU=
FEUyslMjgyJTJGMjglMkYyNiUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI=
2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4=
ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjY4MDUyM=
n0/c01ab60cd99972ae5f28313605cebb1fbb70e8fdb191c9760669db35ed9a2e4a" =
target=3D"_blank" title=3D"email preferences" =
style=3D"text-decoration:underline;color:#d40000;" =
rel=3D"noopener">click here</a>.</p></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
role=3D"presentation" =
style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><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"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>
<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:#000;direction:ltr;font-family:'Inter','Arial';font-size:1=
4px;font-weight:400;letter-spacing:0px;line-height:1.2;text-align:left;ms=
o-line-height-alt:17px;"><p style=3D"margin:0;">Puck is published by =
Heat Media LLC. 107 Greenwich St., New York, NY 10006</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>


<img =
src=3D"https://email.puck.news/e/o/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT0=
5LQUdjcEkxaXFmbGFKLUNGWnZRTG5mST0ifQ=3D=3D" style=3D"height: 1px =
!important; max-height: 1px !important; max-width: 1px !important; =
width: 1px !important; display: none !important;" =
alt=3D""/></body></html>
------=_NextPart_000_0002_01DCA8BF.9DCE86D0--