Welcome to the latest edition of Breaker. We are Lachlan Cartwright and Ravi Somaiya. If this email has been forwarded to you can subscribe here and send your questions, tips, and complaints here.

Today's edition unites the Vatican, Sunglass Hut, a billionaire and the king of New York nightlife in one bonanza story.

We also have a weird tale of what Hearst used to be and what it has become (it involves obsessing about Apple News), and a very strange story from Columbia Journalism School, involving an unfortunate collapse and some wild allegations that we feel may develop over the coming weeks.

Plus a new podcast, from Brunetti, a fabulous pizza place in the West Village, in which we talk about an enormous quantity of intrigue from the mayoral race, Rupert Murdoch book and film projects, illustrious club owners with exotic pasts, why it's scary to report on libel lawyers, why you should wear a pink hat to a press conference, and finally why you should watch our podcast at half speed ideally.

One of the kings of New York nightlife is plotting a comeback. And a little-known European billionaire whose Instagram includes the Pope, and who is named in a criminal investigation in his homeland, is a potential investor in the project.

Richie Akiva founded downtown spots 1OAK, Butter and Up&Down, before a fallout with business partner Scott Sartiano ended in lawsuits.

Now, we have learned, Akiva is preparing to open a new venue. He has identified a downtown location and some of the money for the venture may come from one of the heirs to…