• Washington
  • Wall Street
  • A.I.
  • Hollywood
  • Media
  • Fashion
  • Sports
  • Art
  • Join Puck Newsletters What is puck? Authors Podcasts Gift Puck Careers Events
  • Join Puck

    Directly Supporting Authors

    A new economic model in which writers are also partners in the business.

    Personalized Subscriptions

    Customize your settings to receive the newsletters you want from the authors you follow.

    Stay in the Know

    Connect directly with Puck talent through email and exclusive events.

  • What is puck? Newsletters Authors Podcasts Events Gift Puck Careers
The Varsity
BMW
John Ourand John Ourand
Welcome back to The Varsity, a private email about the money, power, and egos that rule the sports business. I’m coming to you today from 34,000 feet, somewhere over the Atlantic, following a rejuvenating long weekend in London. A highlight: the Ted Lasso pub in Richmond. A lowlight: the hilariously overpriced Ted Lasso store next door. And yelling at Marchand to drive the Bentley on the left side of the road, which almost caused me to spill my crisp sancerre. 🚨 Pod alert: We’re a little more than a month into the MLB season, so I thought it would be a great time to bring ESPN’s MLB insider Jeff Passan on to The Varsity to discuss some of the hot-button issues percolating off the field, including impending labor negotiations. That episode posts on Wednesday. Meanwhile, make sure you listen to yesterday’s pod with Words + Pictures founder Connor Schell, who says that we’re currently in the golden age of nonfiction programming, and that it’s not ending anytime soon. (A little more on this below…) Reminder: Despite the news of an acquisition by Disney (and subsequent roll-up with Hulu + Live TV) in January, Fubo didn’t have the greatest Q1. Not only did the sports and live TV streamer report declining subs and ad revenue in North America, it also warned that another drop would be coming in Q2. Should Disney worry about its new toy? In tomorrow’s edition of The Varsity, available only to Inner Circle members, the great Julia Alexander reveals the underappreciated side of the story. Skinny bundles in the streaming space are having a moment and show serious promise—all of which should benefit Fubo. Click here to upgrade! Or else risk getting left behind…
A MESSAGE FROM OUR SPONSOR
BMW i7
BMW i7
The game will never be the same. The luxurious, powerful, and fully electric BMW i7. Learn more at BMWUSA.com

The Starting Five

  1. The NFL’s antitrust concerns… maybe: Earlier today, Roger Goodell stood in the Oval Office alongside President Trump, who announced that the NFL would host the 2027 NFL Draft from D.C.’s National Mall. The Goodell-Trump bonhomie, once quite icy during the peak Kaepernick era, has thawed significantly in recent years. “The NFL-Trump relationship has come a long way,” Mike “F’n” Florio noted today. “In 2015, at the height of the #Deflategate scandal, Trump called Goodell ‘a weak guy,’ ‘a dope,’ and ‘a stupid guy.’ Then came the anthem controversy.”Tomorrow, however, Goodell isn’t expected to be anywhere near Capitol Hill. The Senate Commerce Committee will hold a hearing on the migration of sports from linear TV to streaming—the result of Senate Commerce Committee Chairman Ted Cruz’s suggestion that the federal government needs to look at the NFL’s antitrust exemption, which allows the league to pool all 32 teams’ rights into one big broadcasting package. It’ll be interesting to hear how lawmakers discuss the league during the hearing—in preliminary discussion, Sen. Cruz has already invoked the NFL’s antitrust status—and hypothesize about whether Goodell’s visit to the Oval served as a peacekeeping mission.
  2. Preschlack from the ashes: Remarkably, Main Street Sports (née Diamond Sports Group) has signed up almost 650,000 paid direct-to-consumer subscribers for its FanDuel Sports R.S.N.s since launching in January. And the company is on track to have 1 million paying streaming subscribers by the end of the year. These figures aren’t merely impressive—they’re almost stupefying, given the company’s near-death experience a year ago in bankruptcy restructuring. Since the start of the MLB season about five weeks ago, according to the company, Main Street Sports has averaged 250,000 unique daily users on its platform, and almost 1 million unique monthly users, among subscribers and authenticated users.Main Street Sports C.E.O. David Preschlack got me up to speed in an email: “What we’re seeing here is the real power of teaming up with the right partners,” he wrote. “With a strong mix of direct-to-consumer, TV Everywhere, Amazon Prime Video and MVPDs, we’re doing more than just evolving the regional sports model, we’re building something entirely new as a local sports media platform. And this momentum tells me we’re on the right path.”
  3. Dolan on the rebound: As you know, Jim Dolan decided to slash the rights fees that his MSG Networks Inc. was paying his New York Knicks by 28 percent, and his New York Rangers by 18 percent in order to help restructure the R.S.N.’s debt. It turns out the cuts haven’t hurt the company at all. In fact, they seem to have helped. Guggenheim Securities published a report today noting, “We are reiterating our ‘buy’ rating and our $314 price target, primarily reflecting our view of team value based on recent market transactions and the company’s unique position in the largest media market in the U.S.”
  4. The cable-pocalypse: This private email spends a fair amount of time tracking the death of cable TV. That’s why I was so interested in a stat from ESPN’s comms chief, Josh Krulewitz, who noted that, thanks to its NFL Draft and NBA coverage, ESPN’s nets accounted for more than 56 percent of the sports share last weekend among the 18-49 demo. (For the record: The weekend runs from Thursday at 6 a.m. ET to Monday at 6 a.m., and the stat captures all Nielsen-rated ESPN networks, and any sports content defined by Nielsen.) It shouldn’t come as a huge surprise that the NFL Draft and NBA playoffs drew tons of young viewers. But at a time when ESPN’s distribution has fallen to just 62.7 million homes, per Nielsen, it’s notable that these declining linear assets still can attract large audiences around big events.
  5. What I’m hearing about Meadowlark: News broke late last week that former ESPN president John Skipper was leaving Meadowlark Media, the production company he co-founded four years ago. Soon after launch, the company signed a first-look deal with Apple for documentary and unscripted series, but its biggest success came from Dan Le Batard, Skipper’s co-founder and host of the syndicated program The Dan Le Batard Show With Stugotz. Meadowlark has also found some success with Pablo Torre’s pod, Pablo Torre Finds Out. Even insiders have more questions than answers right now. And while the company will still dabble in nonfiction, doc-style programming, sources have told me that it will make a heavier push to build out Le Batard and Torre’s shows.
Now, let’s get to Schell…
Is There Life After ‘30 For 30’?

Is There Life After 30 For 30?

Connor Schell, the former Bristol content wunderkind and co-creator of 30 for 30, has heeded the higher calling of private equity–financed production company glory. With Words + Pictures, which he founded with Chernin Entertainment, he masterminded a new age of sports docs—Celtics City, Court of Gold, Full Court Press, etcetera—and figured out a new model in the process.
John Ourand John Ourand
Despite the instability that has haunted the sports media industry over the past few years, we’re still very much in the golden age of sports storytelling. And if you ask Connor Schell—ESPN’s former content chief and co-creator of ESPN’s 30 for 30 series—it’s here to stay. He made a persuasive case on a recent episode of The Varsity, where he broke down the sports docu-boom. In our candid conversation, Connor discussed how the industry has transformed during the past decade, walking the tightrope between creative freedom and league partnership, deciding which story goes to which platform, scaling his company, Words + Pictures, beyond the realm of sports, and much, much more. As always, this excerpt was slightly edited for length and clarity. You can listen to the conversation in its entirety here.

Halcyon Days

John Ourand: Is this a golden era for sports documentaries? Connor Schell: I think we’re 15 years into the halcyon days of what I would call ancillary sports content based on access and storytelling. Going back to the great Olympic features of the 1970s, it’s always been about, how do you get people to care about the athletes that they’re watching compete? And one way is by knowing their story—by understanding the context, by understanding what they went through to get there, and what the stakes are. We can talk about what that looks like today, or what it might’ve looked like five years ago, or what it’s going to look like in five years. But I don’t think it’s going anywhere. So how are things different today than they were five or 10 years ago? The number of platforms that are really in this business. For a long time, HBO had a great business in sports documentaries and sports content—obviously, they still do. With the advent of 30 for 30, and a bunch of the originals that ESPN started to make, and as Netflix, Apple, Amazon, and other streamers have entered this space, consumers have more options—therefore, there are more places that commission things, and are trying to grow certain audiences. That’s one of the many changes. When you and Bill Simmons started 30 for 30, you took a look at what HBO was making. And though HBO’s documentaries were fantastic, they were a lot older. It seemed that there were a lot of stories to be told that are much more current. So now, how do you not become what HBO was then? That’s the thing we agonize over: How do you continue to reinvent what you’re doing so you don’t become stale? I give Bill a ton of credit for the initial conceit of swimming a little against the current with 30 for 30. People said no one was going to sit back and watch a long-form story, particularly not the demographic that was on ESPN at the time, or who ESPN was trying to reach. But if you tell someone a really good story about things they care about, they’ll come and watch and engage with it. One of the things that streaming has allowed for is even longer form, like binge-watching, and the notion that people can find all episodes in one place at the same time and really engage in something. The next piece is a real renaissance of teams and leagues and players wanting to give access. But how do you take the access, put real storytelling around it, and ground it in the present? It’s something we think about all the time. We’re trying to weave together that notion of important history and context for a sports fan, but we’re also going to take you inside places you don’t often get to go. We play with that form all the time, to try to keep things relevant and top of mind for fans, because levels of expectation around access just go up and up with every year that passes.
A MESSAGE FROM OUR SPONSOR
BMW i7
BMW i7
The game will never be the same. The luxurious, powerful, and fully electric BMW i7. Learn more at BMWUSA.com
There’s the newish trend of granting a lot of access, but then there are two competing forces at play: You want to tell viewers the full, warts-and-all story, but you also are partnering with leagues that may want a more positive story to be told. Is that a problem for you? Yes, sometimes those things are in conflict. I feel like I have enough wherewithal and credibility to say there are certain things we can’t agree to. But the reality is that in sports storytelling, you’ve always been dealing with league I.P. The NFL, NBA, MLB, etcetera, all control the use of their footage. So there are guardrails on all of these projects, and it’s incumbent upon the producer and director to have all the hard conversations up front, and to make sure you’re working with people who are totally aligned with you in the story you’re telling, and how you have to tell the story. There have been a lot of projects that have either been brought to us, or we’ve explored, where the balance wasn’t right. As independent producers, we have agency, and we don’t do it. Everybody has the line they’re willing to walk up to, or not walk up to. I feel very good about the choices we’ve made, when we’ve made deals with leagues or teams or subject matters, in that we’re always telling an honest story. But not every project is the same. When we made O.J.: Made in America with Ezra Edelman, the subject was not involved. So each of these projects has a different goal and ambition.

“This Is an ESPN Show”

You’ve placed shows on Netflix, Max, ESPN, etcetera. When you’re starting a documentary, or any kind of nonfiction series, are you thinking about what platform the project is tailor-made for? That’s not necessarily the driving force. I work really closely with an amazing team, and we’re mostly focused on the story, and whether we have conviction around telling said story. And then the second question, because we are running a business: Is there a market for it? It does feel like each of those platforms has sort of developed their own style and brand. We’ll commit to making things, and start making them, before we go to market with it. But often, we’ll have in the back of our minds, like, Oh, it would be amazing if this ended up on HBO. That was something Simmons and I said to each other a lot about Celtic City before we did a deal with them. ESPN is a linear network, and of course has a streaming component. What’s something you’ve made that you’re saying, Yeah, that’ll be perfect for ESPN? We did a show called Full Court Press, with Peyton Manning and Jamie Horowitz at Omaha Productions. For the second season, Kristen Lappas, Hannah Beir, Alexa Conway, and Nikki Spetseris made an amazing show following this year in women’s college basketball. They picked three phenomenal players—Flau’jae Johnson, Hannah Hidalgo, and Kiki Iriafen—and tracked their journey. ESPN is the perfect platform for that. They have such a commitment to women’s sports overall, particularly to women’s college basketball. The fans are there. That show can sort of seamlessly integrate into so many other things they’re doing. Then, we’re doing this Kansas City Chiefs show with them, which will come out around football season. And again, ESPN has so many ways to talk about that show, and to find the right audience for that show across a number of platforms. So, those are two great examples of projects that felt immediately like, This is an ESPN show. You started Words + Pictures after you left ESPN, and you’ve done a lot of nonfiction shows. Where do you see the biggest growth potential for your company? We work with a limited set of buyers, and the minute you do something with one of those partners that they’re unhappy with, or you’re not paying attention to, you lose your good will. It doesn’t matter how long you’ve done this, or what you’ve done in the past, you have to prove yourself every time. With that in mind, one of the tension points in the business is: How much do you do, and how much can you scale? One of the reasons I wanted to leave what was a great job, and great circumstances, at ESPN, was because I aspired to tell stories outside of sports. So that’s a natural growth initiative for us. I also think you’re seeing a shift in live events, from traditional networks that have big infrastructures, to streamers, who haven’t built those infrastructures, and it’s not clear if they ever will. So I view it as an opportunity in the market to become a really credible provider of big live programming. Another thing that I’ve spent a lot of time thinking about is where brands play in all of this. You’re seeing a lot of traditional marketers who are maybe spending less of their budget on traditional 30-second advertisements. So I’ve been thinking about how they play in the content space. It’s a really interesting time because everything’s changing. The market’s really hard, but there’s opportunity. If you can figure out new models for people, that’s how you can be really successful.
 

From the Cheap Seats

On Goodell’s decision to turn down Sen. Cruz’s invitation to appear before the Senate Commerce Committee: “If I were Goodell, I wouldn’t go in front of Congress, either. He would just be asked about the NFL’s Diversity, Equity, and Inclusion policies by grandstanding Senators like Ted Cruz, followed by bad-faith questions about white cornerbacks. What does he really have to gain?” —A Varsity subscriber On cable’s implosion: “MLB Network isn’t going anywhere. Oh, and your O’s stink, too.” —An MLB fan On the journalist who doubted I knew what “inamorata” meant: “You so need to give that journalist crap. You definitely could (possibly do) know the name of Emily Ratajkowski’s swimwear line is Inamorata. And Jordon Hudson almost certainly does, so I loved the original callout. Tell that journalist to hush, because your Marchand jokes have enough esoteric alcohol references to support being educated.” —A Varsity subscriber
 
See you tomorrow, John
Impolitic with John Heilemann
Join Puck’s chief political columnist, John Heilemann, as he roams the corridors of power and influence in America on this twice-weekly interview show, taking you beyond the headlines with the people who shape our culture: icons and up-and-comers, incumbents and insurgents, moguls and machers in the overlapping worlds of politics, entertainment, tech, business, sports, media, and beyond. The conversations are rich and revealing, unrehearsed and unexpected… and reliably impolitic. A Puck-Audacy joint, new episodes drop every Wednesday and Friday.
In the Room
Ace media reporter Dylan Byers brings readers into the C-suite as he chronicles the biggest stories in the industry: the future of cable news in the streaming era, the transformation of legacy publishers, the tech giants remaking the market, and all the egos involved.
Stories
A Saks Bond Horror Story

A Saks Bond Horror Story

WILLIAM D. COHAN
Shari’s Settlement Calculus

Shari’s Settlement Calculus

DYLAN BYERS
Johnson’s Survival Strategy

Johnson’s Survival Strategy

LEIGH ANN CALDWELL
Puck
Facebook Twitter Instagram LinkedIn
Need help? Review our FAQ page or contact us for assistance. For brand partnerships, email ads@puck.news. You received this email because you signed up to receive emails from Puck, or as part of your Puck account associated with . 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

SEE THE ARCHIVES

SHARE
Try Puck for free

Sign up today to join the inside conversation at the nexus of Wall Street, Washington, A.I., Hollywood, and more.

Already a member? Log In


  • Daily articles and breaking news
  • Personal emails directly from our authors
  • Gift subscriber-only stories to friends & family
  • Unlimited access to archives

  • Exclusive bonus days of select newsletters
  • Exclusive access to Puck merch
  • Early bird access to new editorial and product features
  • Invitations to private conference calls with Puck authors

Exclusive to Inner Circle only



Latest Articles from Sports

Burke Magnus
John Ourand • May 6, 2025
The Magnus Carta
ESPN’s indomitable content chief, Burke Magnus, on losing talent to the NBA sidelines, the heat around the NHL, and what he learns from the way his kids watch sports.
College Football, Alabama, Georgia
Eriq Gardner • May 6, 2025
The Anti-Netflix Amendment
Tucked inside Congress’s latest college sports proposal is a provocative idea: Some games may simply be too important to disappear behind a paywall.
Tony Petitti, Greg Sankey
John Ourand • May 6, 2025
Sankey Is From Mars, Petitti Is From Venus
The commissioners of college sports’ two biggest conferences have thrown a stray shot or two at each other this spring over the College Football Playoff. But as just about everyone acknowledges, they both know they’ll have to be much more aligned to tackle the myriad issues they face.


UFC
John Ourand • May 6, 2025
The Optimist’s Case for the UFC and F1 Megadeals
Wolfe Research analyst Peter Supino offers up his candid thoughts and surprising bull case for Paramount’s UFC deal and F1’s partnership with Apple—and why the mega-trend media universe keeps gravitating toward superstars.
Ronda Rousey
John Ourand • May 6, 2025
Netflix’s 17 Seconds in Heaven
Obviously, the short-lived Rousey–Carano title fight wasn’t the ideal scenario for Netflix’s M.M.A. debut. But it also wasn’t a refutation of the streamer’s “eventized” sports content strategy.
Super Bowl
John Ourand • May 6, 2025
How Much Is Too Much for a Super Bowl Commercial?
Horizon Media’s Adam Schwartz on the amplifying value of a Super Bowl ad, MLB’s events strategy, and why the 30-second spot is still the backbone of television advertising.


Carlos Alcaraz Tennis
Eriq Gardner • May 6, 2025
Real Court Drama
The French Open is underway, but the real action this week may be in a New York courtroom 3,500 miles away, where an upstart players union is making noise about the sport’s alleged anti-competitive, pay-suppressing practices.


Get access to this story

Enter your email for a free preview of Puck’s full offering, including exclusive articles, private emails from authors, and more.

Verify your email and sign in by clicking the link we just sent.

Already a member? Log In


Start 14 Day Free Trial for Unlimited Access Instead →



Latest Articles from Sports

Gianni Infantino
John Ourand • May 6, 2025
Here’s Gianni…
The World Cup’s descent on North America has been greeted by the typical grab bag of micro-scandals and preemptive complaints. In their private group chats, though, top industry executives don’t really care—they’ve seen this film before, and they’re convinced they are about to make stacks of cash.
Pickleball
John Ourand • May 6, 2025
Private Equity, Everywhere, All at Once
SC Holdings’ Jason Stein on the private-equity money gusher flooding the sports world, the commercialization of the NCAA, and why he (and LeBron and Draymond and K.D.) are still bullish on pickleball.
College Football
Eriq Gardner • May 6, 2025
The Private Equity End Zone
The future of the N.I.L. gold rush may hinge on a looming federal court fight over whether the College Sports Commission can police what is increasingly becoming a leveraged media-rights marketplace.


NFL
John Ourand • May 6, 2025
More Netflix-NFL Footsie & Deal Extensionitis
News and notes on the latest machinations surrounding the NFL’s highly coveted, obscenely expensive rights packages.
Paul Rabil
John Ourand • May 6, 2025
The Lax Gospel of Paul
A candid conversation with Paul Rabil about how his buzzy 8-year-old Premier Lacrosse League is accelerating growth and preparing for LA28.
Terry Rozier
Eriq Gardner • May 6, 2025
Is Insider Sports Betting a Federal Crime?
For the first time ever, the government has filed fraud charges over insider trading on a prediction market. Could athletes, coaches, and trainers be next?


Lionel Messi
John Ourand • May 6, 2025
Soccer’s Next Don
With commissioner Don Garber’s quarter-century-plus tenure coming to an end next year (or sooner!), MLS has contracted executive headhunters to embark on a sprawling replacement search. A few well-known names have emerged as early targets—but with big-growth ambitions, they’d better get it right.
Get access to this story

Enter your email to get access to one article and free previews of our private emails from Puck authors and editors.

OR

Already a Member? Sign in



Latest Articles from Sports

nfl rams falcons tackle
John Ourand • May 6, 2025
The NFL’s September Surprise
A revelatory conversation with analyst Mike Morris about the myriad questions swirling around the NFL’s looming, blockbuster rights negotiations.
WWE WrestleMania
Eriq Gardner • May 6, 2025
A $957 Million WWE Title Fight
The pro wrestling outfit is flying high thanks to a slew of new deals and WrestleMania’s recent ESPN debut. But an imminent trial will question whether Vince McMahon undersold the value of the company ahead of the TKO merger that made it all possible.
Roger Goodell donald trump
John Ourand • May 6, 2025
Goodell’s Washington Ground Game
The feds have been breathing down the NFL’s neck all year, and a quartet of league executives made the pilgrimage to D.C. last week to plead their case.


Jon Miller
John Ourand • May 6, 2025
NBC’s Miller Time
An exclusive conversation with NBC Sports’s Jon Miller about the network’s recent multibillion-dollar sports rights investments, the stunning durability of broadcast television, competing with trillion-dollar streaming giants, and plenty more.
NFL
John Ourand • May 6, 2025
How Much Trouble Is the NFL In, Really?
The league’s recent push to sign new rights deals with its media partners and ongoing relationship with the streamers has opened it up to a wave of regulatory inquiry. But is any of the scrutiny more than just a headache?
liv golf john rahm
John Ourand • May 6, 2025
LIV & Let Die… Again
How much longer is Saudi Arabia’s Public Investment Fund willing to continue pumping billions into its quixotic bet on LIV Golf, as the Iran war dislocates sporting events like Formula One and Fanatics flag football?


Julian Edelman new england patriots super bowl
Julia Alexander • May 6, 2025
Will Amazon Get the First Streaming Super Bowl?
It’s virtually inevitable that a streamer will land the exclusive rights to host the Super Bowl within the next decade. And Amazon Prime Video, which has already proven itself with ‘Thursday Night Football’ and sits atop a geyser of e-commerce money, would be the natural successor to a six-decade tradition.


  • Terms
  • Privacy
  • Contact
  • FAQ
  • Careers
© 2026 Heat Media All rights reserved.
Create an account

Already a member? Log In

CREATE AN ACCOUNT with Google
CREATE AN ACCOUNT with Google
OR YOUR EMAIL

OR

Use Email & Password Instead

USE EMAIL & PASSWORD
Password strength:

OR

Use Another Sign-Up Method

Become a member

All of the insider knowledge from our top tier authors, in your inbox.

Create an account

Already a member? Log In

Verify your email!

You should receive a link to log in at .

I DID NOT RECEIVE A LINK

Didn't get an email? Check your spam folder and confirm the spelling of your email, and try again. If you continue to have trouble, reach out to fritz@puck.news.

CREATE AN ACCOUNT with Google
CREATE AN ACCOUNT with Google
CREATE AN ACCOUNT with Apple
CREATE AN ACCOUNT with Apple
OR USE EMAIL & PASSWORD
Password strength:

OR
Log In

Not a member yet? Sign up today

Log in with Google
Log in with Google
Log in with Apple
Log in with Apple
OR USE EMAIL & PASSWORD
Don't have a password or need to reset it?

OR
Verify Account

Verify your email!

You should receive a link to log in at .

I DID NOT RECEIVE A LINK

Didn't get an email? Check your spam folder and confirm the spelling of your email, and try again. If you continue to have trouble, reach out to fritz@puck.news.

YOUR EMAIL

Use a different sign in option instead

Member Exclusive

Get access to this story

Create a free account to preview Puck’s full offering, including exclusive articles, private emails from authors, and more.

Already a member? Sign in

Free article unlocked!

You are logged into a free account as unknown@example.com

ENJOY 1 FREE ARTICLE EACH MONTH

Subscribe today to join the inside conversation at the nexus of Wall Street, Washington, A.I., Hollywood, and more.

START 14-DAY FREE TRIAL

  • Daily articles and breaking news
  • Personal emails directly from our authors
  • Gift subscriber-only stories to friends & family
  • Unlimited access to archives
  • Bookmark articles to create a Reading List
  • Quarterly calls with industry experts from the power corners we cover