Welcome back to The Daily Courant, your afternoon guide to the best new work at Puck.
First up today, Bill Cohan runs the numbers on Iger’s ABC fire sale: How much the linear networks are making, really; whether Byron Allen’s $10 billion offer is too low; and how private equity could turn Disney’s castoffs into a free cash flow generating machine.
Plus, below the fold: Matt Belloni uncovers how social media wrecked the studio playbook for winning the strikes. Dylan Byers reveals the addition of strategic buyers and private equity firms at the ABC auction. Baratunde Thurston finds the throughline connecting Elon, TiVo, and the war in Ukraine. And on The Powers That Be, Jon Kelly joins Peter Hamby for a candid chat about Iger’s exit options and Kevin McCarthy’s political suicide vest.