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The Daily Courant
HBO Max

Murdoch’s Art Squeeze, Platner Agita, Scott Pelley Aftershocks

Happy Monday and welcome back to The Daily Courant, your afternoon guide to Puck’s best new reporting. Here’s what you need to know… and stick around for more on legacy media’s wellness gold rush.

  • In the Room: Legacy newsrooms are scrambling to tap the $2 trillion global wellness industry to drive subscriptions. Julia Alexander explores how CNN’s Mark Thompson is chasing The New York Times into the health and wellness game. [Read More]
  • The Best & The Brightest: With his scandal-plagued primary win, Graham Platner has become the avatar of a furious Democratic base that wants to send its own wrecking ball to Washington. Leigh Ann Caldwell digs into the populist anger directed at Chuck Schumer, and whether the party can defeat Susan Collins without blue-on-blue collateral damage. [Read More]
  • Dry Powder: Wall Street is minting money and the I.P.O. window is wide open, but former Goldman boss Lloyd Blankfein isn’t popping any champagne. Bill Cohan chats with Blankfein about the tremors in private credit, the multitrillion-dollar A.I. rush, and why every market boom contains the seeds of the next crisis. [Read More]
  • Wall Power: Art Basel’s new “Exclusive” program asks galleries to bring some of their best works to the fair without advance publicity. Marion Maneker examines the squeeze on independent dealers and new owner James Murdoch’s greater Basel ambitions. [Read More]

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DTF St. Louis
DTF St. Louis

For your awards consideration, HBO Max presents: DTF St. Louis. In this darkly comedic series, a love triangle between three adults experiencing middle-age malaise leads to one of them ending up dead.  Don't miss the series TV GUIDE is calling “TRANSCENDENT & AUDACIOUS”. DTF St. Louis is now streaming on HBO MAX.

  • Line Sheet: Fashion is mining the ’90s for salvation, but the fortunes of J.Crew, Victoria’s Secret, and Saks Global suggest the past can be a trap as well as a playbook. Malique Morris charts the collapse of wholesale and why the industry’s savviest players are betting on live commerce. [Read More]
  • Wall Power: Venice’s new Fondazione Prada exhibition, Helter Skelter, pairs Arthur Jafa with his artistic hero, Richard Prince. Dan Duray goes deep with Jafa on the show’s origins, the power of scarcity, and his enduring friendship with Kanye West. [Read More]

Meanwhile, on the pods…

  • The Powers That Be: Peter Hamby and Jon Kelly trade notes on the lingering reverberations from Scott Pelley’s firing at 60 Minutes, before turning to the strange economics of Pat McAfee. [Listen Here or Watch Here]

And now, a little more on the media wellness wars…

 

MEDIA

The Wellness Wars

The Wellness Wars

Last summer, New York Times Co. C.E.O. Meredith Kopit Levien said the paper would continue investing in soft wellness coverage, largely because sleep hacks and GLP-1 personal essays might “attract people we might not otherwise have a way to get to.” But Levien isn’t the only executive mining the nearly $2 trillion-a-year industry. CNN’s Mark Thompson (who engineered the Times’s digital transformation) is now running a version of the same playbook, hoping that lifestyle content will drive subscriptions to the network’s new premium app, and has even framed health and longevity content as essential to CNN’s future.

But, as Julia reports, the challenge involves reaching the masses: More than half of Gen Z gets its wellness content from TikTok and Instagram influencers. Sure, newsrooms can counter misinformation with authority, and CNN has Sanjay Gupta, but it’s hard to compete with free content that users are already hooked on. One potential path is the creator acqui-hire—validating trusted voices rather than competing with them. But with every outlet invading the space, are there enough credible creators to go around?

Click here to read Julia’s full story.

WASHINGTON

Leigh Ann Caldwell Leigh Ann Caldwell
Platner and His Discontents

Platner and His Discontents

With his unrepentant populism and problematic past, Graham Platner’s polarizing Senate run has tapped into a wellspring of Democratic anger that could upend the party establishment, if the old guard doesn’t strike first.

WALL STREET

William D. Cohan William D. Cohan
Lloyd Management

Lloyd Management

A very candid conversation with Lloyd Blankfein, the former Goldman C.E.O., about the tremors in private credit land, this summer’s multitrillion-dollar I.P.O. bonanza, and whether the markets have an Apollo 13 problem.

 

A MESSAGE FROM OUR SPONSOR

The Pitt
The Pitt

For your awards consideration, HBO Max presents THE PITT. The staff of Pittsburgh Trauma Medical Center juggle personal crises, workplace politics, and high emotions in this Emmy®-winning drama series. Don't miss the series USA Today called “THE ABSOLUTE BEST SHOW ON TV”. THE PITT is now streaming on HBO MAX.

 

ART

Marion Maneker Marion Maneker
The Basel Squeeze

The Basel Squeeze

It’s still an honor for smaller galleries to show at Art Basel, but global expansion is putting pressure on them to bring exclusive works to the fair without publicizing their packing lists in advance. Now, some galleries are asking themselves whether they can even afford to participate.

FASHION

Malique Morris Malique Morris
The ’90s Nostalgia Trap

The ’90s Nostalgia Trap

While fashion pines for the good old days, the recent experiences of J.Crew, Victoria’s Secret, and Saks show they’re probably not worth chasing. Plus, notes on the death of wholesale, the rise of live commerce, and more in this week’s edition of the ReSee.

ART

Dan Duray

King Arthur Holds Court

King Arthur Holds Court

With a joint exhibit in Venice with his artistic hero, Richard Prince, Arthur Jafa sounds off on the power of scarcity, why we’re still chewing on Duchamp, and his loyalty to Kanye.

MEDIA

Peter Hamby Peter Hamby
Jon Kelly Jon Kelly
The Powers that Be Daily, Starring Peter Hamby

Media Monday: The Pelley Postmortem & More McAfeebucks

The besties Jon Kelly and Peter Hamby reunite to share their deep readings on the latest reverberations of Pelleyghazi before turning their attention to the realities of Pat McAfee economics.

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