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.
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- 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! - 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.
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And now, here’s Eriq with some unanswered questions about the Times’s Dianna Russini
investigation…
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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.
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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.”
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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.
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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]
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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.
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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.
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