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Nov 19, 2025

In The Room
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Dylan Byers Dylan Byers

Greetings from Los Angeles and welcome back to In the Room. The greatest gift guide of the holiday season is finally here: Puck’s annual Guide to Mirth & Merriment arrived today and features sophisticated picks from the entire Puck team, including yours truly, as well as contributions from the likes of Alison Roman, Andrew Ross Sorkin, Gucci Westman, Jason Blum, Jimmy Pitaro, Jon Gray, Kara Swisher, Karla Welch, Lauren Ratner, and many, many more. I rec’d shoes and booze.


In tonight’s issue, a panoramic appraisal of the week’s most gossiped-about media micro-dramas, from the latest twist in the Olivia Nuzzi and Ryan Lizza imbroglio to the Michael Wolff–Epstein saga, to the alleged “internal concerns” at the Times over Ezra Klein’s growing star power. Together, they have spurred yet another (somewhat tiresome) debate about ethics in journalism. But the true lessons from this discourse revolve around the transformation of the business itself.

🍸 Plus, on the latest edition of The Grill Room, Julia and I assessed Olivia’s return to the spotlight, and the increasingly tangled relationship between celebrity culture and legacy media brands trying to retain and grow audiences. We also discussed the fate of The Telegraph, and why Jeff Zucker and Gerry Cardinale couldn’t seem to get their hands on the broadsheet. Follow The Grill Room on Apple, Spotify, or wherever you prefer to listen.

Mentioned in this issue: Michael Wolff, Larry Summers, Olivia Nuzzi, Ryan Lizza, Ezra Klein, Rob Manfred, Jimmy Pitaro, Tom Freston, Sumner Redstone, Jacob Bernstein, R.F.K. Jr., Keith Olbermann, Mark Sanford, Donald Trump, Ben Smith, Alex Thompson, Nick Kristof, and many, many more…

Let’s get started…

  • Summers’ end: The New York Times has cut ties with former Treasury Secretary Larry Summers amid revelations about his already well-known relationship with Jeffrey Epstein, saying it would not renew his contract as a contributing writer for the Opinion section. Summers, who expressed shame and regret for some of his comments, also said he would be stepping back from public commitments in light of the revelations, including his teaching role at Harvard and various board positions at OpenAI and the Center for Global Development, where he was chair. I invite you to measure Summers’ contrition here against that of the president of the United States: when asked about the Epstein files this week, Trump called one reporter “a terrible person and a terrible reporter,” and told another: “Quiet, piggy.”
  • ESPN keeps baseball: Major League Baseball commissioner Rob Manfred has officially announced new media deals with ESPN, NBC, and Netflix. My partner John Ourand has been writing about these terms for months: NBC is paying around $200 million per year for the wild card playoff series, a Sunday night game, and a Sunday morning game. (Roku isn’t carrying live games anymore.) Netflix is paying around $50 million per year for a handful of tentpole events like Opening Night, Home Run Derby, and Field of Dreams.

    On Slack, John told me the most intriguing part of this deal is ESPN’s commitment. “Jimmy Pitaro picked up MLB.TV and a weeknight game for around $550 million per year,” he wrote. “Starting next season, ESPN will carry all out-of-market games, as well as in-market games for six teams. Those games are likely going to be available on MLB’s app, at least for next season. The key here is that these deals run for three more seasons. That means in 2028, MLB will go to market with all of its rights. That almost certainly will include local rights to many more teams. And given the number of outlets in business with MLB—Fox, WBD, ESPN, NBC, Netflix, Apple—the league should see a lot of activity in that auction.”
  • And finally… When you’re done here, I recommend taking a trip down memory lane with Tom Freston, the MTV co-founder and former Viacom C.E.O., who’s out with a new memoir. He spoke to The Wall Street Journal about MTV’s early days, greenlighting South Park, and the time he had to chaperone Sumner Redstone to a Bangkok house of ill repute. And you can enjoy his memories of Shane Smith in Air Mail’s recent excerpt.

And now, the main event…

A Brave Nuzzi World

A Brave Nuzzi World

Between the Bravo-ready mess of the Nuzzi-Lizza imbroglio and Michael Wolff’s Epstein deference, it was a monumentally bad week for media ethics. As journalists, even principled ones, become increasingly central characters in the stories themselves, is this kind of spectacle an unavoidable component of a new media world order?

Dylan Byers Dylan Byers

The media business, as practitioners know, revolves around the usual performance metrics: customer acquisition costs and lifetime value, subscription growth and churn management, weighted advertising funnels and C.P.M.s, etcetera. Executives spend their days thinking about platform dependency, rights negotiations, licensing windows, and talent—the center of an attention economy driven by stars.

But down on the newsroom floor, where reporters talk to other reporters and are often blissfully ignorant of these dynamics, the most pressing discussions tend to revert to gossip about the affairs of others, and, occasionally, debates around ethics in journalism. (Yes, actually.) And this week, dear reader, presented a smorgasbord of provocations to fuel the discourse. Better still, the debates coalesced around some of the most bold-faced names in the business and, in some cases, their own libidinal dynamics.

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Over the weekend, The New York Times christened the return of Olivia Nuzzi, the briefly disgraced New York political reporter, with an unctuous profile that played into her self-styled mystique as journalism’s femme fatale—the “modern iteration of a Hitchcock blonde,” as the Times’s Jacob Bernstein put it, driving up and down the coast of Malibu in “a white Mustang convertible, like a Lana Del Rey song come to life.” The aura, inflated by cinematic black-and-white photos, deflated on Monday when her new employer, Vanity Fair, published the first excerpt from her highly anticipated new book, American Canto, documenting her affair with R.F.K. Jr. Here, seemingly aspiring to the incantatory drift of Beat poetry-prose, Nuzzi instead evidenced her own narcissism, as well as a command of the written word—most of it “punched into her phone while hiking,” per the Times—that inadvertently underscored the value of New York’s editing desk.

Not to be outdone in this egoistic arms race, Olivia’s former fiancé, Ryan Lizza, reemerged from his post-Politico wilderness to “unspool” his own account of Olivia’s infidelities on Substack. Quoting Buddha and the Stoics, Ryan said he was reluctant to be “dragged back into this tabloid mess,” then launched into a multipart dirty-laundry tell-all in which he not only revealed her intimate relations with known paramours—including Keith Olbermann, who apparently furnished Olivia with college tuition and “some $15,000 worth of Cartier jewelry”—but also alleged an undisclosed relationship with former South Carolina Governor Mark Sanford, whose long-shot presidential campaign she’d been assigned to cover long before she set out to profile R.F.K. Jr. on his own quixotic campaign. Ryan, who observed elsewhere in the piece that, “like bamboo, the truth has a way of forcing itself out into the open,” used the Sanford detail as the cliff-hanger for the next and presumably juicier installment on his Substack—which, as you’ll recall, he’d launched in order to take on the nation’s “unprecedented moment of democratic political peril.”

Amid this star-crossed imbroglio, the media ethics knitting circle proffered an obvious and facile question: Should the political journalist who failed to disclose her love affair with a politician be getting the glossy Times profile, the Vanity Fair job, the book deal? The answer to that question, of course, was evident in their own prurient obsession with the whole saga. (As of now, Olivia is keeping her job, I’m told.) Meanwhile, caught off-guard by the Sanford revelation, few stopped long enough to notice that Ryan, too, was seeking to capitalize on his own romantic affiliation with his subject—and in cringier fashion. Therein, one can sense the true limitations of both their career prospects. If the ballad of Olivia and Ryan ends here, it is not because of Nuzzi’s violation of journalistic ethics—which obviously did not jettison her career—but rather due to the unfortunate fact that both of them have only one story to tell, and neither tells it particularly well.

The Way of the Wolff

In some other circle of hell, reporters poring over the Jeffrey Epstein emails released by the House Oversight Committee this week found that the former financier and sex trafficker had been in regular communication with some journalists—including, most notably, acerbic Trump biographer (and my former boss) Michael Wolff. In 2015, Michael had apparently warned Epstein that CNN was planning to ask Trump about the two men’s relationship during a Republican primary debate, and advised him on how to leverage the candidate’s response. In 2019, Epstein told Michael that Trump “knew about the girls.” Later in the week, Semafor editor-in-chief Ben Smith (also my boss, once) revealed that, even before this correspondence, Michael had spent hours at Epstein’s mansion “watching a parade of powerful men troop through,” and had even shared the draft of an 8,000-word profile of Epstein with the subject himself.

“What should producers and consumers of American media, which is already in deep disrepute, think about Wolff, our least reputable face?” Ben asked. Unlike Olivia, Michael hadn’t fallen in love with his subject’s brain. But, as Ben noted, Wolff’s methods—“winning access, betraying confidences, refusing to play by commonly accepted rules, apparently sharing drafts with subjects”—raised questions about his own biases. Michael defiantly rejected that framing and instead posited that access was journalism’s essential prerequisite. “I’m the only person who was able to get into that house and write an up-close story,” he told Ben. “How do you get inside with these people? There’s not a lot of mystery: You suck up—and then you spit out!”

Finally, in a far more pathetic display of newsroom navel-gazing, Axios’s Alex Thompson asserted that journalists at The New York Times are growing concerned about star columnist and podcast host Ezra Klein’s growing influence over the Democratic Party. Klein is now inarguably the most influential media voice on the left, having co-architected the “abundance” policy philosophy and the Democrats’ government shutdown, and at least hastened Biden’s campaign withdrawal.

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Unsurprisingly, he has been invited to brief and consult presidential aspirants and Democrats on the Hill. Thompson stated that this has “raised internal concerns at the Times”—though if that is the case, I couldn’t confirm it. Of the 10 or so Times sources I spoke to, most just praised their colleague for his impact. “Popular Opinion columnist has influence!” one Times editor quipped. “It’s not a secret that he supports Dems. It’s the premise of his career. And I think most people think it’s pretty cool that elected officials are listening to his show and seeking him out.”

Presumably there are journalists at the Times who chafe at Ezra’s “columnist-turned-operative role”—either envious second-tier journalists who never got the investment and T.L.C. that Ezra or Sorkin or Maggie have and resent their own exclusion from the Times star system, or, more likely, seasoned veterans who sense an ethical transgression while forgetting that previous columnists wielded similar influence. Nick Kristof so relished his role as a Democratic powerbroker that he caught the bug and tried politics himself, only to be rejected in Oregon. In any event, as you’ve probably surmised, speaking to a group of Senate Democrats is a pretty far cry from sending them nudes or even early drafts.

Source Majeure

The week’s micro-dramas highlight the peculiar, at times extremely awkward, choreography required of professionals who are expected to cultivate sources without doing or taking favors and to achieve influence without becoming too influential—or influential in the wrong way. It’s a delicate art, I guess, though it might also be as simple as just doing your business in a way you wouldn’t be uncomfortable disclosing in your own copy, or at least to your editors. Ezra is undoubtedly proud to have the ear of Democrats. Michael has no compunction about his methods. Olivia lied to her editors and, according to her ex, may still be withholding some details from her readers.

The good news is that the digital media era—which has already relaxed once-strict definitions of journalism and who gets to be a journalist—has also placed extraordinary value on the authenticity of influencers. Indeed, the journalist is increasingly becoming the economic unit of the business. The journalist’s ability to be a brand is instrumental to that whole endeavor; there’s a reason we talk about Olivia, Michael, and Ezra and not about the people who are talking about them.

But maintaining the brand also requires preserving its perceived value—and fortunately for the ethics-in-journalism crowd, that still requires honesty about who you are and what you do. In 2025, a journalist actually can advise their subjects, keep company with them, or even fall in love with them. But they have to be honest about it. Otherwise, what are they even selling?

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