A middling Spielberg is still pretty good.
Katherine Graham (Meryl Streep) finds herself the owner of the Washington Post newspaper after being widowed. The paper belonged to Graham's father, but he willed it to her husband instead of her. For the paper's financial health, she is making an Initial Public Offering (IPO), on the advice of her board of directors. It seems fine but Katherine worries about a boilerplate clause stating that if there is a catastrophic event, the bank can pull out of the deal. Her lawyer (Tracy Letts) assures her that it will be fine. Then Daniel Ellsberg (Matthew Rhys) begins publishing the Pentagon Papers through the New York Times. The papers detail a cover-up going back four presidential administrations regarding America's losses in the Vietnam War, a war kept up in order to save face and pretend we were not in fact losing our shirts. The Nixon administration immediately uses the legal system to slap down the Times. In the meantime, the Post's editor-in-chief, Ben Bradlee (Tom Hanks), hounds his reporters over getting their own coverage of the largest scandal in recent memory. Ben Bagdikian (Bob Odenkirk) recalls an observer named Ellsberg when he was covering the war. Now the decision rests with Katherine Graham: publish and risk the ire of a sitting (and vindictive) president, potential jail time for violating the Espionage Act, and financial ruin or don't publish and destroy the integrity of the Fourth Estate.
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