Welcome to the sports media podcast. I'm your host, Richard Dyche. My producer is Patrick Antonetti. Two guests this week. And if you aren't to the business of sports, this will be must listening.

Moffat Nathanson is one of the leading independent equity research publishers.

And they focus on the most significant companies in the space across technology, media, and telcon.

One of my guests, Michael Nathanson, is a founding partner and senior research analyst at Moppet Nathanson.

My other guest, Robert Fishman, is a senior research analyst at Mopin Nathanson.

These are two of the sharpest observers and analysts when it comes to research and insights

for the media companies that are involved with sports organizations.

So your ESPNs, your Foxes, Paramount Skydance, et cetera.

They have been gracious to give me a little bit of time today.

And we will hit some of the more significant stories that have been in the marketplace

when it comes to the nexus of sports and business.

And with that, I bring in Michael Nathanthin and Robert Fishman. Welcome.

Hey, good afternoon, Richard.

Thank you for having us.

You got it.

All right.

First, Robert, Michael, I'll start with this.

I see with great interest that you and Puck are hosting this very, very fancy

sware at the spiral in Hudson Yards in my own, in my old beloved New York City,

Kung October.

You have some very big names on that, Adam Silver, Hans Schroeder.

I looked at the access price. I think it's

...