Guggenheim analyst Mike Morris joins John to discuss how a combined Paramount-WBD could impact future NFL media rights deals. Then they break down the true value of the league’s media contracts and how streamers like Netflix, Amazon and YouTube might eventually take even bigger pieces of the pie.

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Media Monday: The Jeff Shellscape & Ellison Leverage Math

Join Emmy Award-winning journalist Peter Hamby, along with the team of expert journalists at Puck, as they let you in on the real conversations insiders are having across the four corners of power in America: Wall Street, Washington, Silicon Valley and Hollywood. Puck's contributors will bring you smart conversation around the inside stories happening in these worlds. Presented in partnership with Audacy, new episodes publish daily, Monday-Friday.