• Washington
  • Wall Street
  • Silicon Valley
  • Hollywood
  • Media
  • Fashion
  • Sports
  • Art
  • Join Puck Newsletters What is puck? Authors Podcasts Gift Puck Careers Events
  • Join Puck

    Directly Supporting Authors

    A new economic model in which writers are also partners in the business.

    Personalized Subscriptions

    Customize your settings to receive the newsletters you want from the authors you follow.

    Stay in the Know

    Connect directly with Puck talent through email and exclusive events.

  • What is puck? Newsletters Authors Podcasts Events Gift Puck Careers
Good morning, Happy Saturday morning, and welcome back to The Backstory—your weekend capsule of the best work that we are publishing here at Puck.
 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
The Backstory

Good morning,

Happy Saturday morning, and welcome back to The Backstory—your weekend capsule of the best work that we are publishing here at Puck. Thanks so much to our newest subscribers for joining us. You can look forward to this round-up email directly from me, Puck’s co-founder, in your inbox every Saturday morning.

It was another incredible week at Puck—Matt Belloni’s fascinating, behind-the-scenes reporting on the Will Smith controversy; Baratunde Thurston’s essay on slapgate; Dylan Byers’ notes on CNN’s streaming pivot; and William D. Cohan’s examination of a Warren Buffett mystery. Check out our best work, below, and stick around for the backstory on how it came together.

SUBSCRIBE
HOLLYWOOD:
Matt Belloni explains what really went down offstage at the Oscars.
and…
Baratunde Thurston essays on the Will Smith tragedy.
and…
Eriq Gardner explicates the legal fallout of the controversy.

WASHINGTON:
Julia Ioffe explains how the Ukraine crisis might end.
and…
Tina Nguyen uncovers Ron DeSantis’s dangerous political calculation.

WALL STREET:
William D. Cohan reveals a major Warren Buffet mystery.

SILICON VALLEY:
Teddy Schleifer chats with tech’s public enemy No. 1.

MEDIA:
Dylan Byers presages the future of CNN.

PODCASTS:
Will Pence knife Trump? Listen to The Powers that Be: Daily, hosted by Peter Hamby.
and…
What’s arguably the most disruptive mediaco in the U.S.? Check out The Town, Matt Belloni’s new show about what’s really going on in Hollywood.

The Slap
On Sunday evening, I was doing what you presumably were, too—thinking about the week ahead, bemoaning my busted bracket, sending some half-baked work notes to myself, and half-watching the Oscars when Will Smith sauntered onto the stage and open-handedly cold-cocked a shell-shocked Chris Rock. It was stunning, bewildering, horrifying and just, well, bizarre. I’d never doubted the veracity of the altercation for a second, but it was nevertheless confirmed for me shortly thereafter, as it probably was for you, via a group text thread that had surfaced a clip of the un-bleeped Australian telecast.

In moments like these, I tend to text Matt Belloni, Puck’s founding partner and Hollywood expert, to find out what’s really going on behind the scenes. On this evening, in fact, Matt was sitting in his tux inside the Dolby Theatre, both taking in the Academy Awards and also reporting on the events via Puck’s Twitter handle. As I was about to hit the blue up arrow on my iPhone, sending a message asking him for insight, I saw Matt’s latest tweet: “This is real. Stunned silence in the room. Assume Will Smith was bleeped but no one can believe what just happened.” And then, moments later: “I’ve never seen the #Oscars audience stunned like that, and I was here for the Moonligh/La La Land debacle.”

The Will Smith slap wasn’t just uncanny. It was also a powder keg moment spanning across the corridors of American power—Wall Street, Washington, Silicon Valley, and Hollywood. The episode’s entanglement in our zeitgeist is as profound as it is complex and illustrative of the way influence and opporunity work in our culture these days.

Here, after all, was arguably the world’s most successful movie star, who was nominated for his role in the film, King Richard, which was the signature prestige picture of the year for Warner Bros. and its sister streamer, HBO Max. And Warner and HBO Max are, of course, two of the most prized entertainment assets in David Zaslav’s Warner Bros Discovery roll-up, which will finally be traded on the Nasdaq in nine days, as Zaz tries to compete with the likes of Netflix and Disney+.

Meanwhile, Smith isn’t just an actor; he’s a cultural force of a historic nature—a multi-decades famous multi-hyphenate talent who has marketing deals with corporations across the Fortune 500, a groundbreaking actor who was invited by the Clintons to sleep in the Lincoln bedroom, was at least half-seriously granted permission by Obama to portray him in a biopic (“he’s got the ears,” he once said), and has already taken on the role of Muhammad Ali. Smith was about to win his first Oscar, and perhaps contend for another next year for Emancipation, Apple’s highly-vaunted release, which is currently in post-production.

Will Smith’s slap of Chris Rock had become a financial-political-tech Franz Ferdinand moment. Smith lost his dignity, many people lost respect for an icon, and many, many more lost money. As you scale the totem poles of Wall Street, Washington, Silicon Valley, and Hollywood, Smith’s transgression reminded us, it’s all really just one world.

In these ways, and others, the Smith episode is a uniquely Puck story—it’s an event of immense shock and complexity that will reverberate for weeks and months and years to come. As usual, Puck’s stars rose immediately to the challenge of unearthing the private details of the story behind the story—the details only the true insiders knew about.

Shortly after leaving the Dolby Theatre, for instance, Matt taped an emergency episode of his newish podcast, The Town, a partnership with Spotify and The Ringer, which captured the uncertainty of the moment and laid out the transformative questions that would shape the Academy’s disciplinary response. He followed up with a hair-raising tick-tock chronicle of the events, filled with uncomfortable backstage details about how the slap played in the theater. And then followed that up with a second behind-the-scenes piece on how Hollywood’s culture of enablement lay at the root of the crisis.

On Monday afternoon, as we were headed back to Puck’s headquarters from a lunch welcoming our newest employee, ace media planner Julia Baldyga, executive editor Ben Landy and I got an email from Baratunde Thurston with a first draft of a piece that he’d composed first thing that morning, after meditating on The Slap and his knowledge of Smith’s own experience with domestic violence as a young man.

Ben and I walked down 9th Avenue with our noses in our phones, oblivious to traffic and bicyclists. Bratunde had the guts to articulate the real agony of the saga, and he did it with utter grace. If you read anything this weekend, I’d turn your attention to Will Smith’s Tragic Lesson. Actually, make it a twofer. I’d also refer you to Eriq Gardner’s acerbic and realpolitik piece on the legal questions raised by the imbroglio: The Will Smith Legal Fallout.

As ever, these pieces, among others, are representative of the sort of work you can only find at Puck. Thanks for your support.

Have a great weekend,
Jon

P.S. - if there's something holding you back from becoming a subscriber, I'd love to hear about it. Please feel free to reply to this email with your feedback (replies go directly to my inbox).

swash divider
Facebook Twitter Instagram LinkedIn
You received this message because you signed up to receive emails from Puck.

Was this email forwarded to you?

Sign up for Puck here

Sent to


Unsubscribe

Interested in exploring our newsletter offerings?

Manage your preferences

.

Puck is published by Heat Media LLC.

64 Bank Street

New York, NY 10014


For support, just reply to this e-mail.

For brand partnerships, email ads@puck.news

SEE THE ARCHIVES

SHARE
Try Puck for free

Sign up today to join the inside conversation at the nexus of Wall Street, Washington, Silicon Valley, Hollywood, and more.

Already a member? Log In


  • Daily articles and breaking news
  • Personal emails directly from our authors
  • Gift subscriber-only stories to friends & family
  • Unlimited access to archives

  • Exclusive bonus days of select newsletters
  • Exclusive access to Puck merch
  • Early bird access to new editorial and product features
  • Invitations to private conference calls with Puck authors

Exclusive to Inner Circle only



Latest Articles

The Editors • April 2, 2022
The Week in Shopping: The Death of Barbie Pink & Thom Browne’s Palm Beach Play
An A-list documentary filmmaker panel moderated by Puck’s Baratunde Thurston
The Editors • April 2, 2022
Puck’s 2024 Guide to Mirth & Merriment
The fourth annual edition of our definitive, non-denominational holiday gift recommendations, this time with a few surprise V.I.P. guests…
Leigh Ann Caldwell • April 2, 2022
The Buildings of Madison Avenue
The macro convulsions in luxury—consolidation, tremendous profit generation, preparation for an inevitable decline—are all wrapped up in what’s happening uptown right now with the old Barneys New York building.


Rachel Strugatz • April 2, 2022
Meghan Markle’s Flamingo Estate
News and notes on the former royal’s attempt to create her own “edible oils, fats, preserves, spreads and butters” empire. What could possibly go wrong?
Dylan Byers • April 2, 2022
The Thompson Manifesto: A Sequel
As a follow-up to his original dissertation on the challenges facing CNN, Mark Thompson recently outlined a vague, pablum-filled vision of the network-cum-news-organization’s future. But is it so opaque because Thompson’s vision remains hazy, or because he doesn’t want to say the hard part out loud?
William D. Cohan • April 2, 2022
Zaz’s Bonus Math & Trump’s Banking Crisis
News and notes on the Downtown Cip table chatter: Zaz’s Paramount false flag and Trump’s increasingly cumbersome penalty financing solutions.


William D. Cohan • April 2, 2022
Wall Street Hedges Its Bet on Biden
The mandarins of high finance are now positioning their banks for the ultimate high-beta event: the return of Donald Trump.


Get access to this story

Enter your email for a free preview of Puck’s full offering, including exclusive articles, private emails from authors, and more.

Verify your email and sign in by clicking the link we just sent.

Already a member? Log In


Start 14 Day Free Trial for Unlimited Access Instead →



Latest Articles

Theodore Schleifer • April 2, 2022
The Rise and Fall of Jack and Bobby
The bizarre and totally unsurprising story of how Jack Dorsey’s advocacy for Robert F. Kennedy Jr. unnerved some members of the Block board.
Matthew Belloni • April 2, 2022
Iger’s Four Horsemen of the Succession Apocalypse
Now that Disney, under the watchful eye of Nelson Peltz, appears to have settled on a quartet of internal (yet by no means ideal) candidates, can it manage a complex process that allows for one winner without creating three sore losers?
Peter Hamby • April 2, 2022
Teenage Riot
The usual suspects in Washington fear that young voters could protest the 2024 election if Biden bans TikTok—a supposition accepted at face value by pundits, despite the available evidence. Yes, there are polls showing young people oppose a ban. But that’s not predictive of how Gen Z will vote.


Julia Ioffe • April 2, 2022
The Navalny Prisoner Swap Deal That Wasn’t
Good morning, Happy Saturday morning, and welcome back to The Backstory—your weekend capsule of the best work that we are publishing here at Puck.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  Good morning, Happy Saturday morning, and welcome back to The Backstory—your weekend capsule of the best work that we are publishing here at Puck. Thanks so much to our newest […]
John Ourand • April 2, 2022
The Season of Pitaro Magical Thinking
Good morning, Happy Saturday morning, and welcome back to The Backstory—your weekend capsule of the best work that we are publishing here at Puck.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  Good morning, Happy Saturday morning, and welcome back to The Backstory—your weekend capsule of the best work that we are publishing here at Puck. Thanks so much to our newest […]
Marion Maneker • April 2, 2022
Art Market Shocks & Leon Black’s Math
Good morning, Happy Saturday morning, and welcome back to The Backstory—your weekend capsule of the best work that we are publishing here at Puck.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  Good morning, Happy Saturday morning, and welcome back to The Backstory—your weekend capsule of the best work that we are publishing here at Puck. Thanks so much to our newest […]


John Ourand • April 2, 2022
Give Me Liberty
Nearly a decade after transforming F1 into a juggernaut, John Malone’s Liberty Media is looking to employ the same makeover on its newest multibillion-dollar portfolio toy, MotoGP.

You have 1 free article Left

To read this full story and more, start your 14 day free trial today →


Already a member? Log In

  • Terms
  • Privacy
  • Contact
  • Careers
© 2025 Heat Media All rights reserved.
Create an account

Already a member? Log In

CREATE AN ACCOUNT with Google
CREATE AN ACCOUNT with Google
OR YOUR EMAIL

OR

Use Email & Password Instead

USE EMAIL & PASSWORD
Password strength:

OR

Use Another Sign-Up Method

Become a member

All of the insider knowledge from our top tier authors, in your inbox.

Create an account

Already a member? Log In

Verify your email!

You should receive a link to log in at .

I DID NOT RECEIVE A LINK

Didn't get an email? Check your spam folder and confirm the spelling of your email, and try again. If you continue to have trouble, reach out to fritz@puck.news.

CREATE AN ACCOUNT with Google
CREATE AN ACCOUNT with Google
CREATE AN ACCOUNT with Apple
CREATE AN ACCOUNT with Apple
OR USE EMAIL & PASSWORD
Password strength:

OR
Log In

Not a member yet? Sign up today

Log in with Google
Log in with Google
Log in with Apple
Log in with Apple
OR USE EMAIL & PASSWORD
Don't have a password or need to reset it?

OR
Verify Account

Verify your email!

You should receive a link to log in at .

I DID NOT RECEIVE A LINK

Didn't get an email? Check your spam folder and confirm the spelling of your email, and try again. If you continue to have trouble, reach out to fritz@puck.news.

YOUR EMAIL

Use a different sign in option instead

Member Exclusive

Get access to this story

Create a free account to preview Puck’s full offering, including exclusive articles, private emails from authors, and more.

Already a member? Sign in

Free article unlocked!

You are logged into a free account as unknown@example.com

ENJOY 1 FREE ARTICLE EACH MONTH

Subscribe today to join the inside conversation at the nexus of Wall Street, Washington, Silicon Valley, Hollywood, and more.


  • Daily articles and breaking news
  • Personal emails directly from our authors
  • Gift subscriber-only stories to friends & family
  • Unlimited access to archives
  • Bookmark articles to create a Reading List
  • Quarterly calls with industry experts from the power corners we cover