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Welcome back to The Varsity, my twice-weekly private email about the never-ending sports media olympiad. Enough with the forwarding, people. If you’re paying for Peacock, you can afford The Varsity. The next person I catch will, and I mean it this time, be subject to Marchand’s own Nedoroscikian pommel horse routine.
We’ve officially entered the dog days of August, where half the sports business seems to be in Paris and the other half is on Nantucket. I am writing this from my hometown of Washington, D.C., where Mark Ein is warning anyone who will listen that our annual tennis tournament—the Mubadala Citi DC Open—may be looking to move out of Rock Creek Tennis Center. “At some point, if the facility doesn’t match the level of the event, we’re not going to be able to keep it here,” Ein, the tournament’s chairman, said.
These types of complaints are common among owners, like Ein, who are looking for public money. But in this case, he has a point. The facility, owned by the National Park Service, is outdated and dilapidated. It’s hard to fathom that it’s been a regular stop on the professional tennis tour since I was a kid.
Let’s get to it…
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- Sunday Ticket fallout: Days before Judge Philip Gutierrez made the stunning decision to throw out the $4.7 billion Sunday Ticket judgment against the NFL, I was talking to a league source about the case. I expected to hear more than a little bit of panic, especially considering the league was potentially on the hook for $14 billion-plus in damages (the penalty can triple under antitrust law). Instead, this source...
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A MESSAGE FROM OUR SPONSOR
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Last Friday, I spent an hour on a roundtable with two of the most respected analysts in the sports media business: MoffettNathanson’s David Nathanson and Robert Fishman. Of course, there was plenty to discuss between all the tectonic and industry-defining M&A and platform evolutions that have transformed the market over the past year—cost-cutting at Warner Bros. Discover, the sale of Paramount Global, the battle for sports rights, etcetera. MoffettNathanson, one of the leading Wall Street research outfits covering the industry, has had a front seat to it all. Herewith, an excerpt of our rollicking conversation, about David Zaslav’s botched NBA deal process, the strategic thinking behind Venu, and... |
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FOUR STORIES WE’RE TALKING ABOUT |
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Bankers for Harris |
Charles Phillips reveals Kamala’s burgeoning Wall Street allies. |
WILLIAM D. COHAN |
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WaPo Tremors |
A close look at the paper’s revived Will Lewis anxieties. |
DYLAN BYERS |
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Lazarus Lethière |
On a major museum effort to resurrect a forgotten art icon. |
MARION MANEKER |
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