• 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

Jun 29, 2026

The Varsity
John Ourand John Ourand

Welcome back to The Varsity, and to what’s quickly becoming the most unusual Fourth of July week. Text threads with my college buddies have focused on where we’re all meeting to watch a soccer game on Wednesday. Let’s go, USA!

Pod alert: The World Cup has been a runaway success by virtually every measure, so I asked Fox Sports C.E.O. and executive producer Eric Shanks to join me on The Varsity this week. We’ll talk about everything from the massive TV ratings and hydration breaks to FIFA negotiations amid the current sports rights marketplace. Also, make sure to listen to yesterday’s episode: Marchand and I went deep on the World Cup’s North American success.

In tonight’s issue, Eriq Gardner makes his regular Monday appearance to take a closer look at The New York Times’s investigative reporting on its former employee Dianna Russini. As readers know, The Athletic’s erstwhile NFL insider resigned earlier this year after photos surfaced of her getting extra cozy with Patriots head coach Mike Vrabel, and the paper just ran a lengthy story about the incident. Even for an institution with a long history of navel-gazing, this one was extraordinary for reasons I’ll let Eriq detail below.

Before we begin: The Brady Meter is taking the week off. In its stead, enjoy Ian Darke’s call of Japan’s first goal and Brazil’s winner from this afternoon.

Also mentioned in this issue: Craig Moffett, Peter Supino, Jontay Porter, Malik Beasley, Ed Davis, Adam Schefter, Maggie Haberman, Katherine Rosman, Ken Belson, Shams Charania, Ian Rapoport, and more.

 

The Two Putt

  1. What becomes of NBC?: The top media analysts have some very different opinions on whether Comcast’s move to spin off NBC and Peacock will facilitate Netflix’s acquisition of the broadcaster. MoffettNathanson’s Craig Moffett doesn’t believe the scenario is likely, per a research note published this morning. (“Spinning it off while still maintaining control is one thing,” Moffett said. “Selling it outright is another.”) Moffett noted that Netflix’s pursuit of Warner Bros. Discovery was motivated by the historic library of the latter’s iconic film studio. “NBCU’s library and I.P. aren’t quite the equal of Warner’s,” he wrote. “Most would agree there’s a rather large gap.”

    A few hours later, however, Wolfe Research’s Peter Supino offered a different read. “What happens next? We doubt that this breakup will occur,” Supino wrote. Instead, he argued, other incumbents will try to gobble the asset up before the spin can be finalized. While Supino suggested that Disney might get cold feet over potential F.C.C. scrutiny amid the specter of combining NBC and Universal theme parks with its broadcast and experiential holdings, he expected “Netflix to make an offer for NBCU and possibly Sky.” He also noted that Amazon and Apple “could make a case,” but that “neither pursued WBD, which was a similar opportunity.” Let the games begin!
  2. The problem with prop bets: When Jontay Porter’s gambling scandal made headlines two years ago, U.S. sportsbooks tried to quell the discontent by eliminating many of the options to place prop bets on NBA players with two-way and 10-day contracts. This seemed like a commercially minded middle ground—eradicating the risks that vulnerable journeymen play on the books while largely preserving the types of bets with the highest engagement. Alas, the props discourse is not going away. Today, federal prosecutors indicted Malik Beasley on sports-gambling charges that include prop bets: During a Bucks–Hornets game in February 2024, according to the indictment, Beasley simultaneously hit the under on points (his line was at 12.5; he scored six) and the over on rebounds (his line was 3.5; he had four).

    Sports-betting proponents will say that the scrutiny that comes with legalized sports-betting made it easier to discover Beasley’s illegal activity. But clearly more needs to be done to establish guardrails on these bets. In the future, you can expect the books and predictions markets to respond more drastically.

And now, here’s Eriq with some unanswered questions about the Times’s Dianna Russini investigation…

The Three Russini Lunch

The Three Russini Lunch

The New York Times’s uncomfortable self-reporting into star journalist Dianna Russini’s affair with a source was more than just an extraordinary exposé. It may also create precedents that outlast the scandal itself.

Eriq Gardner Eriq Gardner

There are many ways to read The New York Times’s recent story about its former star NFL reporter, Dianna Russini: a meditation on the ethics of a modern sports “insider” getting too close to a source; a commendable act of transparency following the scandal that ended her tenure at The Athletic; another chapter in the ongoing palace intrigue surrounding The Athletic’s place within The New York Times Company; etcetera. Then there’s a legal dimension. The paper’s decision to scrutinize its own dirty laundry may seem like typical Times internal-affairs politics, but it was also a highly unusual decision by a media company to publish information that would ordinarily remain behind H.R. walls.

Consider the detail that generated perhaps the most chatter: Russini’s reported $800,000 annual salary. That’s a striking figure for a so-called print journalist, and the comparisons—to Adam Schefter, Maggie Haberman, and other star reporters—quickly followed. What interested me was less the number than its provenance. Katherine Rosman and Ken Belson, the story’s authors, attributed the detail to “a former manager who had knowledge of her salary negotiation.” In other words, the figure came from an employee, current or former, with direct knowledge of a confidential employment matter, and the Times decided to publish it.

The salary wasn’t the only internal information on display. Readers were given a glimpse into contract-renewal talks, executive deliberations, the company’s evolving response to the Sedona photographs, even the mechanics of the internal review that followed—who conducted it, what questions were asked, and how management’s thinking changed as additional information emerged. It begs the question: What obligations does a news organization owe its own employees when they become the subject of reporting?

Legally speaking, the Times enjoys broad constitutional protection to publish truthful information about matters of public concern. Still, that protection is not limitless, and I suspect this story received a particularly searching prepublication review from the paper’s lawyers. To me, some of the omissions were almost as interesting as what made it into print.

The article, for example, never explicitly stated that Russini and Patriots coach Mike Vrabel had an affair. Nor, remarkably, did it address whether Russini and the Times Company entered into any separation agreement when she left The Athletic. And there was a curious coda: The story recounted how Russini had responded to a Times reporter by text message, later asked not to be quoted, then was subsequently informed that no off-the-record agreement existed. In effect, the article paused to justify its own reporting. That passage, in particular, felt revealing—not because of what it indicated about Russini, but rather what it suggested about the Times’s broader view of confidentiality.

If the newsroom had been willing to report this aggressively on one of its own journalists, what are the confidentiality expectations for every other reporter and editor who works there? Should they expect to get lit up on their way out? I asked the paper’s spokesperson, who responded: “New York Times journalists have a long history of reporting on the Times Company fully and fairly. The Times newsroom follows the same ethical standards as it does with any coverage, and operates independently from the business side and other parts of the company such as The Athletic. Our journalists were transparent about their reporting with the subjects of the story and gave all parties an opportunity to provide comments, additional information, and context.”

The Insider

Journalism, of course, is an enterprise devoted to getting information out. But it often accomplishes that goal by doing the exact opposite. Entire careers are built on assurances of confidentiality, explicit and implicit, that allow sources to speak candidly without fear of exposure. That’s especially true in the world of sports insiders—hybrid reporter-personalities whose source relationships are increasingly the product itself. The value of Shams Charania and Ian Rapoport lies in their ability not only to write stories but also to cultivate networks of coaches, executives, agents, and players who are willing to share information that nobody else can get. In an era when A.I. threatens to commoditize so much of the information business, those relationships have only become more valuable.

Notably, the Russini story ventured into the evolving and sensitive terrain of sourcing. It’s one thing for outsiders to speculate that a star journalist may have become too close to her sources, and to implicitly question her impartiality. It’s another for The New York Times to scrutinize those relationships from the inside and, in the process, come awfully close to exposing the source relationships of a sister publication. (The distinction between the Times and The Athletic, as my partners Dylan Byers and Julia Alexander noted on their podcast, The Grill Room, looms large inside 620 Eighth Avenue and seemingly motivated this magnum opus.) Anyway, that’s delicate territory. The press has spent decades defending the importance of confidential sourcing. In fact, in its 1991 Cohen v. Cowles Media decision, the Supreme Court found that a news organization can be held liable when it breaks a promise of confidentiality to a source.

I certainly don’t expect anyone to file suit. But it’s not hard to imagine the kinds of arguments that might arise if a reporter believed an employer had impaired her ability to cultivate confidential relationships with coaches, agents, executives, or other sources whose trust is essential to her work. More broadly, the episode raises fascinating questions about implied promises within a newsroom, whether a reporter’s source relationships belong to the reporter or the institution, and whether an employer owes any obligation not to expose those relationships after the employment relationship ends—yes, even when the relationship itself may strike some observers as ethically problematic.

These issues rarely surface because news organizations rarely publish this sort of internal exposé about one of their own reporters. But as insider journalism becomes an increasingly important part of the media ecosystem, they’re worth thinking about. The irony, then, is that while the article is ostensibly concerned with the ethics of reporter-source relationships, it devotes far less attention to the legal, professional, and institutional consequences of exposing those relationships. That turns out to be a more complicated subject than the piece acknowledges.

 

What I’m Reading…

Jared Kushner’s younger brother, Joshua, and Bob Iger hired investment bankers to look into buying a majority stake in any NBA team that winds up in Vegas. [Bloomberg]

Dave Portnoy has a new book coming out tomorrow, and he’s been making the rounds to shill it. [WSJ, N.Y. Post, Front Office Sports]

Consultant Chris Bevilacqua sounds off on the state of college sports: “The current system is broken, and there are only two realistic options for what comes next: a federal framework that restores stability and national standards, or the continuation of today’s chaos. There is no option three.” [The Philadelphia Inquirer]

 

See you tomorrow,
John

Fashion People

Puck fashion correspondent Lauren Sherman and a rotating cast of industry insiders take you deep behind the scenes of this multitrillion-dollar biz, from creative director switcheroos to M&A drama, D.T.C. downfalls, and magazine mishaps. Fashion People is an extension of Line Sheet, Lauren’s private email for Puck, where she tracks what’s happening beyond the press releases in fashion, beauty, and media. New episodes publish every Tuesday and Friday.

What I'm Hearing

An essential, insider-friendly Hollywood tip sheet from Matthew Belloni, who spent 14 years in the trenches at The Hollywood Reporter and five before that practicing entertainment law. What I’m Hearing also features veteran Hollywood journalist Kim Masters, as well as a special companion email from Eriq Gardner, focused on entertainment law, and weekly box office analysis from Scott Mendelson.

Stories
Dimon’s Succession Shocker

Dimon’s Succession Shocker

WILLIAM D. COHAN

Newsletter Bubble Trouble

Newsletter Bubble Trouble

JULIA ALEXANDER

Capitol Hill Paralysis

Capitol Hill Paralysis

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 {{customer.email}}. 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

Eric Shanks
John Ourand • June 30, 2026
Shanks United
With World Cup ratings smashing expectations, Fox Sports C.E.O. Eric Shanks opens up about his network’s long bet on soccer, the Zlatan phenomenon, and the virtue of hydration breaks.
nfl dianna russini
Eriq Gardner • June 30, 2026
The Three Russini Lunch
The New York Times’s uncomfortable self-reporting into star journalist Dianna Russini’s affair with a source was more than just an extraordinary exposé. It may also create precedents that outlast the scandal itself.
Michael Jordan
John Ourand • June 30, 2026
Sports Docs’ Drive to Survive
Since their pandemic-era Last Dance peak, sports documentaries have become harder and harder to get greenlit—even at Netflix. Superstars and monoculture nostalgia plays can still find a home, but the bar has been raised while the payouts have fallen. So what’s a sports doc producer to do?


Christian Genetski
John Ourand • June 30, 2026
Sports Betting Enters Its World Cup Era
FanDuel president Christian Genetski is only six weeks into his newly expanded role running the company, but he’s got plenty of thoughts about the state of the sports-betting business—from FanDuel’s move into prediction markets to the Sorsby headache and why this year’s World Cup is like March Madness on steroids.
james dolan knicks nba parade 2026
Eriq Gardner • June 30, 2026
Midnight in the Garden
An apparently massive cybersecurity breach at Madison Square Garden was all but lost in the chatter surrounding the Knicks’ NBA Finals win. But as the confetti is swept up and the offseason begins, here come the inevitable lawsuits.
Ar'Darius Washington of the Baltimore Ravens and Drake Maye of the New England Patriots
John Ourand • June 30, 2026
YouTube’s Skinny Sports Rights Diet
For a while, it seemed as though YouTube was coming to eat everyone’s lunch in the sports media business. But after its recent miss on a suite of NFL games, many media insiders are wondering how much the Google guys really want to be in on the actual game action—and if they need the league at all.


Jim Dolan
John Ourand • June 30, 2026
Zen Garden
After decades of dysfunction, the Knicks won their first title since 1973 thanks to Jim Dolan, of all people, finally trusting the right basketball specialists and resisting the mistakes that defined the previous 25 years. Mike Breen, the voice of the team, and clutch ESPN analyst Brian Windhorst break it down.


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

Aaron Rodgers
Eriq Gardner • June 30, 2026
Five Hard Truths About NFL Inflation
As Congress tries to prevent streamers from taking NFL market share, they’ve increasingly homed in on the anachronistic Sports Broadcasting Act of 1961, which includes the antitrust exemption that allows the league’s teams to collectively market their games. But as the recent House Judiciary Committee hearing made clear, no one knows what they are talking about.
Rupert Murdoch tom brady nfl
John Ourand • June 30, 2026
Can Fox Avoid the Skipper Tax?
As the NFL continues to draw congressional heat, it’s growing increasingly tired with Rupert Murdoch for instigating the fuss. With the league’s coveted antitrust exemption theoretically in the crosshairs, might Fox have bitten the hand that feeds it?
nfl ravens bills
John Ourand • June 30, 2026
YouTube’s NFL Discipline & NFL Partner Math
Rich Greenfield, the LightShed partner and sports guru, weighs in on the looming NFL rights renegotiation bonanza: who wins, who blinks first, and why the league still has all the leverage in the post-cord-cutting era.


Brendan Sorsby
Eriq Gardner • June 30, 2026
Could Brendan Sorsby End the NCAA’s “Pay-for-Play” Era?
The University of Cincinnati is suing to collect $1 million in N.I.L. damages after Sorsby defected to Texas Tech—a ticking time bomb case that could imperil player contracts across all of college sports.
conor McGregor
John Ourand • June 30, 2026
Searching for Conor McGregor
The UFC is at the beginning of a seven-year, $7.7 billion media deal, the envy of every other emerging sports outfit in the world, and about to reach the ultimate mark of Trump II cultural dominance with a much-hyped fight card on the White House lawn. So where are all its new stars?
Burke Magnus
John Ourand • June 30, 2026
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 • June 30, 2026
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.
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

Tony Petitti, Greg Sankey
John Ourand • June 30, 2026
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 • June 30, 2026
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 • June 30, 2026
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 • June 30, 2026
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 • June 30, 2026
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.
Gianni Infantino
John Ourand • June 30, 2026
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 • June 30, 2026
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.


  • 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