Happy Monday and welcome back to The Daily Courant, your afternoon compendium of Puck’s best new reporting.

First up today, Dylan Byers illuminates the state of play inside Warner Bros. Discovery as “final” bids for the company landed last week—and David Zaslav ponders the “bittersweet” end of his Hollywood mogul era. As Dylan notes, Zaz and his board are reviewing offers from Paramount Skydance, Netflix, and Comcast, and are expected to call for at least one more bidding round before selecting a winner, who will be chosen by Christmas. Is there still any chance WBD will pursue its original spinoff plans?

Plus, below the fold: Bill Cohan breaks down the motives fueling the anxious WBD bidding pool. Peter Hamby shares his exclusive interview with House Democratic Leader Hakeem Jeffries about his ’26 legislative agenda and what Dems can actually do to fix the affordability crisis. Leigh Ann Caldwell envisions a Marjorie Taylor Greene presidential run. Marion Maneker reflects on last week’s $2 billion blowout art auctions in New York. And Sarah Shapiro digs into the great 2025 celebrity garage sale trend.

Meanwhile, on the pods: John Ourand is joined by NBC Sports’s Matthew Berry on The Varsity to decipher which leagues are likely to be losers in the sports rights arms race. And on The Powers That Be, Peter and Jon Kelly discuss Netflix’s bid for Warners and whether NBC will sell off next year’s Big Ten championship.

Finally, if you missed Leigh Ann’s conversation with House Energy and Commerce Chair Brett Guthrie from the latest Puck Power Breakfast, in partnership with the American Petroleum Institute, you can find a transcript here or listen here.

With the final bids for Warner Bros. Discovery under careful consideration, David Zaslav’s tenure as an ersatz Hollywood mogul may be coming to an end. Now, it’s all about the numbers, and which suitors have a glide path to regulatory approval. Just which sunset Zaz will ride into is anyone’s guess.

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News, notes, and palace intrigues from all sides of what might become the largest M&A deal of the year: the three-way tussle for David Zaslav’s Warner Bros. Discovery.

Hakeem Jeffries, the presumptive future Democratic speaker, opens up about his “Trump 2028” moment with J.D. Vance, taking back the House, the next front in the A.C.A. fight, banning congressional stock trading, and his M.C. alter ego.

A generational civil war has erupted within the MAGA coalition, with some young men gravitating toward extremists like Tucker Carlson and Nick Fuentes, and others abandoning Trumpism entirely. For Democrats, it’s an opportunity to win back disaffected voters who flipped in 2024.

Fresh reporting on an ebullient gigaweek in New York, where more than $2 billion worth of art was sold, approaching the market high in 2022, even as bidders sought out art as more than just an asset.

Last year, Instagram launched Teen Accounts, which default teens into automatic protections. Now, a stricter “Limited Content” setting is available for parents who prefer extra controls. 

Instagram will continue adding new safeguards, giving parents more peace of mind.

Learn more.

From Jenna Lyons to Emily Weiss, parasocial pop-ups are giving secondhand shoppers what online resale can’t, and inspiring new retail strategies, too.

NBC Sports’s Matthew Berry—also the founder of Fantasy Life—returns to the pod to chew over the biggest forces reshaping sports media, from A.I.’s slow commoditization of editorial talent to which major league is most likely to fall behind in the sports rights arms race. They also dig into the industry’s obsession with younger audiences, reflect on Berry’s leap from ESPN to NBC, discuss the continued evolution of Fantasy Life, and much more.

Jon Kelly and Peter discuss Netflix’s bid for Warner Bros. Discovery and evaluate the pure-play streamer’s interest in its theatrical business. They also touch on NBC Sports’s interest in selling off next year’s Big Ten championship and what it portends for the future of the industry.

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