Zaz+ Is Here

CNN’s Post Mortem, Netflix’s Crisis, & The Depp-Heard Mess

Happy Friday, and thanks for reading The Daily Courant, your afternoon guide to what’s new at Puck.

Today, Dylan Byers presents the unvarnished backstory of CNN+’s abrupt demise, Jason Kilar’s defiance, and what David Zaslav’s ruthless plug-pulling portends for Warner Bros. Discovery.

Plus, below the fold: Matt Belloni reveals what everyone in Hollywood is really saying about Netflix’s post-crash identity crisis—then stops by The Powers That Be studio to discuss the most head-spinning details from the Johnny Depp-Amber Heard libel case. Tina Nguyen reports on Kevin McCarthy’s newly-imperiled path toward the House speakership. And Baratunde Thurston anatomizes a social media tragedy.

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CNN+’s Chronicle of a Death Foretold

Months before the deal closed, Discovery executives made it clear to both AT&T chief John Stankey and WarnerMedia chief Jason Kilar that they had questions and doubts about CNN+'s strategy, its cost, and the product itself.

DYLAN BYERS

David Zaslav has spent the last year aggressively rebranding himself. A Patagonia-vested, GE-trained “cable cowboy,” brought up under the tutelage of “Neutron” Jack Welch and Bob Wright and John Malone, Zaslav has long focused on keeping costs low and content cheap—a strategy that coincidentally made him the highest-paid media executive in the business despite a portfolio of assets that many of his competitors privately describe as mediocre. But after engineering the deal of the decade and putting himself at the helm of a combined WarnerMedia-Discovery, with control over the illustrious HBO and Warner Bros., Zaslav has recast himself in a new light: The Hollywood Mogul, on a level with the likes of Bob Iger.

Ensconced in the Elizabeth Taylor Suite at the Beverly Hills Hotel while awaiting the remodel of his newly acquired Robert Evans estate, Zaslav took meetings with everyone who was anyone in the business and signaled a profound respect and admiration for creatives and talent. He posed for glowing profiles in Vanity Fair and Variety—the latter poolside at the suite, with multiple blazer ensembles and no vest—and spoke about the importance of restoring the luster of the storied Warner Bros. studio while creating a streaming service that could compete with Netflix and Disney. And Hollywood was receptive: On the whole, the industry's executives, creatives, and agents respect and admire Zaslav; the people I talk to describe him as a gutsy, no-nonsense leader; and they have been bullish on his new company from the start...

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FOUR STORIES WE'RE TALKING ABOUT

Netflix's Existential Crisis

To recover from this week's remarkable flop, Netflix may have to become more like the traditional rivals it set out to disrupt.

MATTHEW BELLONI

The Trump-McCarthy Breakup

Notes on McCarthy’s imperiled path to House speakership, DeSantis’ latest attack on Disney, and Eric Trump’s unlikely ambassadorship.

TINA NGUYEN

Mothers for Putin

Putin's misbegoten war is being waged by the very young men, and supported by the families, that his government has oppressed.

JULIA IOFFE

Twitter's Genealogy

Twitter is now 1/15th Facebook's size, and its most fastidious user is trying to take it private. Herewith, an anatomy of a social media tragedy.

BARATUNDE THURSTON

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