Les’ Misérables, Trump’s Yard Sale, Griffin’s NFL Tragedy

Welcome back to The Daily Courant, your afternoon memorandum featuring Puck’s latest reporting.

First up today, Matt Belloni uncovers a captivating twist in Apollo’s generous $11 billion offer for Paramount’s film and TV studios. Does Legendary Entertainment’s involvement in the bid portend how the Redstone saga ends?

Plus, below the fold: John Ourand observes how Ken Griffin’s thwarted Dolphins deal terraformed the market for NFL franchises. Lauren Sherman uncovers a failed plot to buy Victoria’s Secret. Tara Palmeri amplifies the sotto voce blame game for the Katie Britt fiasco. On Somebody’s Gotta Win, Tara prods former Trump advisor Sam Nunberg to frankly assess whether the candidate can keep it together until November. And on The Powers That Be, Peter Hamby and Bill Cohan appreciate the magnitude of Trump’s financial pickle, while Teddy Schleifer and Ben Landy dig into Dustin Moskovitz’s ’24 agenda.

MATTHEW BELLONI

The latest bid for Paramount’s “film and TV studio” isn’t just from Apollo, but also Legendary Entertainment—a previously undisclosed element that may portend how the Redstone saga eventually ends.

JOHN OURAND

Griffin’s bid for a minority stake in the team, which was foiled by a thwarted path to control, nevertheless creates a new high-water mark for the NFL and its “membership” of billionaires.

LAUREN SHERMAN

News and notes about all the Les Wexner protégés, and private equity behemoths, quietly angling to resuscitate Victoria’s Secret.

TARA PALMERI

News and whispers from Capital Grille: the sotto voce blame game for prepping Katie Britt, more No Labels schadenfreude, a Cotton vs. Ernst leadership tiff, and Joe Manchin’s next news cycle.