Greetings from Los Angeles, and welcome back to In the Room. Hope everyone has a
great time in Miami this weekend… 🏎️
I spent yesterday morning batting down an erroneous Front Office Sports report claiming that Tim Cook and Mark Zuckerberg were considering buying the Seattle Seahawks. Sources close to both men told me Thursday morning that they’re neither considering nor interested, and that the story is
completely false. The FOS reporter eventually acknowledged as much, and yet, as of Friday evening, the story is still up on the website without a change or correction. It’s totally baffling, and a terrible look for FOS.
In tonight’s issue, highlights from Sharyn Alfonsi’s final salvo against Bari Weiss and the new regime at CBS News. In a speech in Washington, the veteran 60 Minutes correspondent bemoaned a “toxic spread of corporate
meddling and editorial fear” at CBS and in American media generally. Her colleagues sympathize, but will anyone actually follow her to the exits?
🎙️ Plus, on the latest episode of The Grill Room, Julia and I wrestled with A.I.’s growing footprint in journalism and the moat for real reporting. We also considered whether it’s time to hit the panic button on Substack’s business, and indulged in a little after-hours sports talk. Follow The Grill
Room on Apple, Spotify, or wherever you prefer to listen.
Also mentioned in this issue: David Ellison,
Greg Maffei, Jim Bankoff, Piers Morgan, Rashida Jones, Scott Jennings, Adam Mockler, Scott Pelley, Shari Redstone, Tanya Simon, Theo Kyriakou, Will Lewis, and many more…
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- A WHCD scoop: Good news for Kaitlan Collins and Josh Dawsey: On the heels of last weekend’s scuttled Correspondents’ Dinner, I’ve learned that the National Academy of Television Arts and Sciences has offered to host the White House Correspondents’ Association’s awards ceremony at its News Emmys ceremony later this month. The WHCA is currently working to reschedule the dinner, but the academy has offered their forum in the event that doesn’t pan out. The News Emmys take place on May 27 at Jazz at Lincoln Center in New York.
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Maffei Downs: Former Liberty Media C.E.O. Greg Maffei is raising $30 million for a horse-racing league poised to launch in 2027, my partner John Ourand scoops: “He’s already had several meetings with media companies, including Fox Sports and NBC Sports (which split the Triple Crown races), and will use this weekend’s Kentucky Derby to take additional meetings with his business partner, Danny Epstein. I’m told they’ve already signed
several tracks, and have commitments from sports-team owners and leading stables to buy franchises, which could be valued somewhere between $6 million and $10 million. The sense is that Maffei already has enough tracks and teams to launch on his proposed timeline. The question is: Which media company will go into business with him?” (If you’re not already subscribing to Ourand’s The Varsity, do
so now.)
- The Vox pox: This week, I got a tip that Capital One was kicking the tires on an acquisition of Eater, the Vox Media food-and-restaurant review site. That’s hardly surprising: Five years ago, JPMorgan Chase snapped up Eater competitor The Infatuation and folded the buzzy, Millennial-coded restaurant guide—and its legacy sister, Zagat—into its own ever-expanding dining-and-lifestyle ecosystem. It stood to reason that the premium
experiences team at Capital One would want to pursue a similar strategy with Eater, and might be taking another look now that Jim Bankoff is bringing the Vox assets to market.
Anyway, I’m not sure how far Capital One’s tire-kicking went, but I’m reliably told that the talks would be a nonstarter given Bankoff’s own sale strategy. As I’ve reported,
Jim is shopping the Vox Media Podcast Network and New York magazine separately. But the rest of his digital media assets—Eater, The Verge, SB Nation, etcetera—are subscale, post-prime tertiary brands that, frankly, have little purpose in an agentic era. And the unfortunate reality is that none of them would be as valuable when operating alone.
For Jim, the smartest play is to align these sales to manage fees and closing costs and maintain value. That means either tying the
digital assets into New York or, more likely, selling them en masse to bottom-feeders like Ziff Davis, Penske, or IAC, which recently rebranded as People Inc. But none of these assets are being sold à la carte. - Will of the World: Breaker’s Lachlan Cartwright reports that disgraced former Washington Post chief Will Lewis has been advising Theo Kyriakou, the Greek media mogul whose
Antenna Group has become a popular way station for U.S. media execs in transition. Former MSNBC president Rashida Jones also advised Theo before taking on her current role as C.E.O. of Piers Morgan’s Uncensored.
- And finally…: Is Scott Jennings okay? Is
CNN? Sure, you’re certainly allowed to swear on cable at 10 p.m., but I’m told there were some discussions with Scott, albeit no repercussions, after he snapped “Get your f—king hand out of my face!” at liberal commentator Adam Mockler during a live NewsNight with Abby Phillip
conversation about the Iran war. The network is not commenting.
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230,000: The number of paid subscribers to the Los Angeles
Times, down 30,000 since last year, per Adweek. That’s less than 10 percent of The Washington Post and less than 2 percent of The New York Times.
And now, the main event…
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After going toe to toe with Bari Weiss over her “Inside CECOT” story, veteran
correspondent Sharyn Alfonsi became the face of fourth-estate resistance at 60 Minutes. But as she prepares a heroic exit, a mass exodus is unlikely to follow. After all, where’s a well-paid TV journalist to go?
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On Thursday, Sharyn Alfonsi, the veteran 60 Minutes
correspondent, was honored with the Ridenhour Courage Prize at the National Press Club in Washington. Sharyn, as you’ll recall, is the journalist who produced the “Inside CECOT” package on the Salvadoran maximum security prison that her new boss, Bari Weiss, notoriously postponed for nebulous reasons. She is also the journalist who protested
Bari’s right to meddle with her reporting, and the one who called her new bosses “mouthpieces” for the Trump administration to their face. And, as I recently reported, she is also almost certain to lose her job in a few weeks.
Given these particulars, CBS News was justifiably concerned about what Sharyn might say onstage Thursday night.
In more amicable situations, journalists receiving awards are accompanied to events by a P.R. handler. Sharyn, who couldn’t give a shit about the company’s preferences, didn’t alert the network, which left the comms team scrambling to glean details about the proceedings from the organizers. On Thursday, CBS P.R. dispatched someone to the Press Club to watch the speech. Members of Sharyn’s team also announced they’d received text messages during the dinner inquiring about the event.
In an
additional twist, Sharyn shared the stage with last year’s prizewinner, Bill Owens, the former 60 Minutes executive producer who left the show last year in defiance of Shari Redstone’s own meddling with the storied newsmagazine. During her remarks, Sharyn, who is well aware that Bari is unlikely to renew her contract, joked about following her longtime boss to the exits: “I always said I would follow Bill Owens over a cliff,” she quipped, “and I guess I
finally did.”
Sharyn’s speech was unsparing in its criticism of Bari and her boss, David Ellison. “Sometimes the truth isn’t good for business, and sometimes you will be shown the door just for telling it,” she said. “Today, that same kind of ‘corporate calculation’ is happening in newsrooms across the country. Some executives are not asking, ‘Is the story true?’ They’re asking, ‘Is it good for business?’” She said the “Inside CECOT” preemption “wasn’t an isolated
editorial argument. … It was the result of a more aggressive contagion: the toxic spread of corporate meddling and editorial fear.” (She also said that after the segment was pulled, “someone sent police to ‘SWAT’ our home.”)
Sharyn is channeling the anxieties of many CBS News veterans, as well as a broader audience of media observers who have been wringing their hands over the Ellisons’ overt prostrations toward Trump. Bari and her team, for their part, have long viewed Sharyn as
insubordinate and, as Sharyn herself put it, “difficult.” They’re both right, of course, although it’s worth noting that Sharyn seems to have maintained good relations with 60 Minutes executive producer Tanya Simon, who has deftly managed to stay in the good graces of both parties here. Either way, they’re all better off without each other.
The question hanging over 60 Minutes now is whether Sharyn’s impending ouster will catalyze a more substantial
exodus. Some sources at CBS News seem certain it will. But it’s worth remembering that when Bill left, his friend Scott Pelley quietly bemoaned the move but ultimately stayed put. Since then, only Anderson Cooper has decided to call it quits, and he has a full-time job at CNN and a somewhat formidable podcast. Ultimately, the temptation to play the hero here runs headlong into the sober realization that one’s voice can grow pretty quiet in the
wilderness—as Bill knows, and Sharyn may soon learn.
Obviously, 60’s own voice runs the risk of growing more muted under Bari’s watch. As I’ve reported, her ambition is to franchise the asset beyond its Sunday night time slot, adding more digital programming and integrating new talent, including some contributors from The Free Press. That’s certainly the right instinct, but it also calls to mind Chuck Todd’s own quixotic bid for a similar expansion of Meet
the Press with the addition of podcasts and newsletters. 60 Minutes, which still draws 8 million to 9 million viewers, may have enough brand power to live on in a post-linear landscape. But that’s contingent on not destroying the brand in the process.
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